818 E Water St, Tucson, AZ 85719
4 beds · 2 baths · sqft
Sellers are open to negotiate or accept offers within the range of $390,000 to $399,900. Get ready to indulge in a modern living in this beautiful and tastefully remodeled home, set on a great central location close to shopping, restaurants and easy access to 1-10 . This property offers 4 bedrooms, 2 bathrooms, and the added bonus of extra space in the basement, all meticulously designed to accommodate your lifestyle demands. Complemented by a great and private backyard, this home truly offers remarkable features. Step inside and find superior-grade laminated wood flooring, new light fixtures and fans scattered throughout the home all contributing to an undeniably warm and welcoming atmosphere. Fall in love with the modern designed open kitchen, complete with a waterfall butcher block breakfast bar, stylish backsplash, shelving and brand-new cabinetry. All of this is enhanced by the sleek stainless-steel appliances, including a desirable gas range. Capitalize on the advantages of the air conditioning and water heater, both of which are just 5 years old. The owner's suite is comfortable with a double closet and an ensuite bathroom equipped with modern double engineered marble vanities, a striking tile shower, and beautiful patterned porcelain tile flooring. The remaining three bedrooms offer versatility, adapting to your unique needs whether as an office, family room, or additional bedrooms. The guest bathroom doesn't disappoint, featuring a chic vanity and a tile shower-tub combination. The basement offers an engaging extra living space, perfectly suited as a workout room, game room, or a relaxing man cave. Venture outside and find a spacious backyard, designed with turf, pavers and porch creating the perfect backdrop for relaxation and entertainment. For added convenience, the backyard features a double gate, a generous storage and tall walls for added privacy. Further, this beautiful home has been updated with new windows throughout and a striking 4 glass panel front door. With all its fantastic features, this home is undeniably in perfect move-in condition. It's time to make this joyful home your own!
Source: SOUTHAR #22426234
Interest rate and monthly payment estimated based on public records.
Source: SOUTHAR #22426234
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: #22426234
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.