781 N Bristol Ln, Gilbert, AZ 85234
4 beds · 4 baths · 4,036 sqft sqft
Welcome to Your Next Home in Gilbert, Arizona! Discover this spacious 4,037 Square foot home located in the Bristol Square community, offering a blend of luxury, versatility, and convenience. This property features a 655 square foot basement with plenty of natural light, complete with a full bathroom, kitchenette, walk-in closet/utility room, and its own HVAC system. This flexible space could be ideal for an additional bedroom, in-law suite, or entertainment area. *Total Square Footage of the home including the basement is 4,692 Square Feet. One standout feature is the 700 SQFT recreation room, with an exterior entry and its own separate HVAC system. This versatile space could be ideal for a storage room, guest suite, playroom, home gym. Upstairs, you'll find extra-large bedrooms, including the primary suite with a walk-in closet and a private balcony where you can see the Superstition Mountains. Three of the four bedrooms can accommodate standard king-size beds comfortably. The main floor showcases vaulted ceilings, an open floor plan, laundry room, a ¾ bath, and two expansive living spaces. The kitchen is perfect for entertaining, with both formal and informal dining areas. Additionally, there's an office/bedroom providing further flexibility. The exterior boasts low-maintenance landscaping, a spacious driveway, and extra-large RV parking. Recent updates to the home include: New roof underlayment, 2 new AC units with airhandler, new LVP, carpet & tile, new water heater, and interior / exterior paint
Source: ARMLS #6773389
Interest rate and monthly payment estimated based on public records.
Source: ARMLS #6773389
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: #6773389
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