7424 S 74th Ln, Laveen, AZ 85339
3 beds · 2 baths · 1,720 sqft sqft
CORNER lot home- ONLY 1 neighbor- The sellers purchased 3 years ago and have continued to upgrade and meticulously care for this amazing home from day one. Step inside to find **FRESH INTERIOR PAINT** that brightens every room, **NEW CEILING FANS** throughout, enhancing comfort and style for hot AZ weather. The home also boasts **NEW BLINDS** and **UV SUN SCREENS**, providing energy efficiency and privacy while still letting in plenty of natural light. Open living room features gorgeous wood paneled wall and PLENTY of open space for entertaining family and friends. Kitchen has **GAS STOVE**, all stainless steal appliances and **HUGE STAINLESS SINK** Primary bedroom closet has ALLL the storage you need featuring large closet organizers AND drawers. Primary bedroom lets in lots of natural light and large enough for home office or desk. The exterior shines with **fresh exterior paint 3 years ago**, giving the home great curb appeal. The real show stopper is the backyard!!... 12FT steel beam RAMADA!!! COMPLETE with all the amenities done for you- TV mounted and included in sale, gorgeous BLUETOOTH chandelier light and all protected from extreme sun with complete overhead coverage. TONS of natural grass and PLENTY of space for future projects or new pool. This home is move-in ready with all the finishing touches to create a comfortable and inviting living space, DON'T WAIT ON THIS ONE. Priced to sell quickly!!
Source: ARMLS #6768889
Interest rate and monthly payment estimated based on public records.
Source: ARMLS #6768889
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
MLS ID: #6768889
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