8484 S Coyote Song Ln, Hereford, AZ 85615
3 beds · 2 baths · 1,843 sqft
This stunning Santa Fe-style home, situated on 4.003 acres, is a dream for stargazers, featuring an 18x24 observatory with a rollback roof for uninterrupted views of the night sky. During the day, enjoy breathtaking mountain vistas, and by night, take in the serenity of dark skies. This well-maintained property has been extensively updated, including an Arizona room that has been updated to a 4 seasons sun room with great views of the mountains, Saltillo tile and its own mini-split heating/AC system (2023), expanding the heated and cooled living space. This room would be perfect for an additional bedroom, family, sewing or yoga room - or anything else you can imagine. Recent improvements include a tankless water heater installed in 2023, providing an endless supply of hot water, luxury vinyl plank (LVP) flooring in 2022, quartz countertops in the kitchen, modernized bathrooms with copper sinks, updated lighting, and a new AC unit in 2022. The kitchen is equipped with sleek black appliances including a stove and refrigerator from 2019. The roof has been recoated with a 10 year rated material and the facia has been repaired and repainted (11/2024). Additional features include a two-stage garbage disposal that is safe for septic systems, a utility room with a utility sink, and a fresh interior paint job completed in 2022. This property offers a perfect blend of comfort, style, and functionality on a spacious lot.
Source: ARMLS #6761197
Interest rate and monthly payment estimated based on public records.
Source: ARMLS #6761197
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: #6761197
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.