9720 E Minnesota Ave, Sun Lakes, AZ 85248
2 beds · 2 baths · 1,151 sqft sqft
**This subdivision allows 20% of occupants to be 40-54 years old. They currently have only 3% of occupants in that age bracket. This is a great opportunity for someone to purchase this home that falls into that age range.** This beautifully updated 2-bedroom, 2-bath home sits on a generous lot, offering plenty of space for relaxation and enjoyment. Step inside to discover a bright and inviting interior, freshly enhanced with new flooring, new bathrooms, and a fresh coat of interior paint all completed in February 2024. The modern updates blend seamlessly with the home's classic charm, making it an ideal retreat for both primary residents and those looking for a serene second home. The spacious living area is bathed in natural light, creating a warm and welcoming atmosphere. The newly remodeled bathrooms and contemporary fixtures offer both style and functionality. Enjoy peace of mind with a new roof installed in March 2023, a new HVAC system from March 2019, and new windows added in April 2019, ensuring year-round comfort and energy efficiency. Newnkitchen sink anf faucet, new garbage disposal, and new garage door opener with push-pad entry. The property also features a two-car garage, providing ample space for vehicles and additional storage. The expansive lot allows for easy outdoor living, whether you envision a lush garden, a tranquil patio, or a space for hobbies and relaxation. Located in a sought-after adult community, this home provides access to a range of amenities and a vibrant social atmosphere. Whether you're looking for a primary residence or a charming second home, this property offers the perfect blend of comfort, convenience, and community. Don't miss the opportunity to make this exceptional home your own!
Source: ARMLS #6751948
Interest rate and monthly payment estimated based on public records.
Source: ARMLS #6751948
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: #6751948
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.