870 W Straford Ave, Gilbert, AZ 85233
4 beds · 3 baths · 2,146 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Check out this beautiful home. When you walk in you will be amazed at all the updates, from the wonderful kitchen with high end appliances and beautiful large granite island to the thoughtfully updated bathrooms. The main suite is spacious with a walk in closet and relaxing bathroom. It also comes with free and clear 1yr old 11.3KW solar system and 1yr old roof with double underlayment and 10yr warranty. Ring doorbell and 6 cameras stay. Located by a walking path, it's a 15 min. walk to downtown Gilbert with lots of restaurants and shops to enjoy and a 7 min. walk to McQueen Park rec center. Close to the 101, 60 and 202 life doesn't get much better. Step into the backyard with the large covered patio and pool. The pool needs to be resurfaced but the home is priced with that in mind
Source: ARMLS #6839491
Source: ARMLS #6839491
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.