9208 W Coolidge St, Phoenix, AZ 85037
3 beds · 3 baths · 2,191 sqft
COMPLETE RENOVATION with PROFESSIONAL CONTRACTORS makes this like a NEW HOME in 2022*Sellers REPLACED ROOF 2022*BACK YARD professionally installed IN 2023*FANTASTIC LOCATION near FREEWAYS, PARKS, RESTAURANTS, and CARDINALS STADIUM*WOOD-LIKE TILE and NEWER CARPET*Your KITCHEN has FABULOUS WHITE SHAKER SOFT CLOSE CABINETS, island, newer SLEEK APPLIANCES, FARM SINK, and hardware*All new DUAL PANE WINDOWS, BASEBOARDS, and DOORS*Wait until you see this AMAZING WALL OF STORAGE at LAUNDRY ROOM and you have UNDER STAIR STORAGE*You will LOVE the OPEN LOFT for extra entertaining space*OVERSIZED OWNER SUITE has double doors, DEEP WALK IN CLOSET, and separate SHOWER and TUB at bath*DEEP BACKYARD has COVERED PATIO, ARTIFICAL TURF and PUTTING GREEN*COME BY and see why YOU CAN CALL THIS PLACE ''HOME''
Source: ARMLS #6821842
Financials
Source: ARMLS #6821842
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.