8184 N 22nd Dr, Phoenix, AZ 85021
2 beds · 3 baths · 1,497 sqft

Get a free consultation call with an expert in the mortgage assumption process.
Huge price drop! Priced below market. Experience modern living in this beautifully designed 2-bedroom, 2.5-bath townhouse built in 2021. This end-unit is also the largest sq.ft. model at 23 North. Featuring a generous open layout with upgraded finishes throughout, this home has style and functionality. Upstairs, two bedrooms plus a large loft which can be used as an office, sitting room, playroom etc. Spacious master suite with walk-in closet and attached bathroom with a large shower. The second bedroom is also oversized with its own bathroom and walk-in closet. Thoughtful touches include a powder room on the first floor, an attached garage, and upgraded laundry/blinds. The private backyard is the perfect place to BBQ and relax. Located in Uptown Phoenix with easy freeway access!
Source: ARMLS #6799243
Source: ARMLS #6799243
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.
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.
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.
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 “Save search” 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.
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 620, 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.
