7482 W Colony Park Dr, Tucson, AZ 85743
4 beds · 2 baths · 2,260 sqft
Immaculate 2260 Sq/Ft single story 4BD/2BA Pulte Built home nestled on a premium corner lot featuring: open kitchen with extensive cabinetry, chiseled edge granite counters, stainless appliances, kitchen island, stacked rock touches, gorgeous slate like tile flooring throughout, high ceilings, great room, separate dining room, large master suite with bay window, custom tile walk-in shower, separate vanities with inset sinks, large walk-in closet with Elfa closet shelving, lots of windows looking out to oversized resort style backyard w/extended patio area, detailed mature cacti, extensive pavers and a manicured terraced front yard. There is 3-Car tandem garage, water softener, and newer hot water heater (2023) Enjoy the community pool, spa, and park. This home is beautiful!!!
Source: SOUTHAR #22502339
Interest rate and monthly payment estimated based on public records.
Source: SOUTHAR #22502339
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.