7912 E Presidio Rd, Tucson, AZ 85750
4 beds · 3 baths · sqft sqft
You will love what you see when you drive up to this super Territorial home nestled in outstanding River View Estates. The front covered patio overlooks the manicured low-care landscaping. Inside you will find 29x29 inch scored concrete floors throughout, a 2021 remodeled kitchen, modern stainless appliances, and a spacious great room design. The split floor plan welcomes guests with a 4th bedroom and its own adjacent bath. The HVAC was replaced and ductwork re-lined in 2022. 15.1 SEER heat pump and efficient Andersen windows will keep everyone comfortable. You will love the incredible park-like back yard, with 3 mature mesquites, a tall Aleppo pine, resurfaced pool (2017), and brick BBQ, Red brick pavers abound, and a gazebo (with power) awaits your pool party. This is a must see Minutes to shopping, restaurants and easy access to major transportation routes, but far enough away to avoid the noise. Perfect neighborhood to walk your dog, (or cat!) and there is easy access to the marvelous Tanque Verde Creek for morning exercise. Wildlife abounds in the area, including raptors, coyotes, javelina, bobcat, and even desert tortoises! If you want to get away from it all without being all that far away, this is the place!
Source: SOUTHAR #22427001
Interest rate and monthly payment estimated based on public records.
Source: SOUTHAR #22427001
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: #22427001
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.