905 E Prince Rd
Tucson, AZ 85719
3 beds · 2 baths · 1,550 sqft
$335,000
Get prequalifiedAbout this home
This beautifully remodeled bungalow in the heart of Midtown Tucson blends modern updates with timeless character. Offering 3 bedrooms and 2 full bathrooms, this home has been thoughtfully updated while preserving its original charm, featuring laminate floors, classic architectural details, and vintage touches that make it truly unique. The open-concept living and dining areas are flooded with natural light, creating a welcoming atmosphere for both relaxing and entertaining.The kitchen boasts updated appliances, sleek countertops, and ample cabinetry--perfect for the home chef. The bathrooms have been tastefully renovated with stylish fixtures and finishes, providing a contemporary touch while maintaining the home's classic appeal. Step outside to discover a large backyard, where the possibilities are endless. A generously sized structure, already primed with electrical hookups, awaits your vision. This versatile space can easily be transformed into a private ADU (Accessory Dwelling Unit), studio, home office, or workshopperfect for creating additional living space or income potential. Located in a prime Midtown Tucson location, this home is just minutes away from shopping, dining, and entertainment. With easy access to major roads and public transit, it offers both convenience and accessibility, making it an ideal spot to call home. Don't miss out on the opportunity to own a piece of classic Tucson with all the modern conveniences. Schedule a showing today!
Source: SOUTHAR #22517616
5-year savings
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.