9735 W Ironwood Dr Apt A # A, Peoria, AZ 85345
2 beds · 2 baths · sqft
Check this out! An Assumable 3.75% loan and a home that is BELOW Appraised Value (Appraised Feb 2025)! Exceptional Opportunity in Sun Air Estates 55+ Community! Discover the perfect blend of privacy, comfort, & convenience with this highly desirable property. Nestled on a private lot with no neighbors behind, this home offers tranquility and a serene atmosphere enhanced by nearby greenbelts—ideal for peaceful walks and relaxation. This well-cared-for SINGLE STORY gem features updated interior paint (2023), lush landscaping with grass, and a long driveway providing plenty of parking. Step inside to find brand-new plantation shutters, newer kitchen countertops, updated faucets, and newer appliances, complemented by ample kitchen cabinets and ceiling fans throughout. The open great room design creates functional and inviting living spaces, while the master bedroom at the back ensures privacy and comfort. A spacious secondary bedroom offers versatility - use it as a bedroom, a den, or a hobby room. Add a partition and create two distinct spaces to suit your needs. The extended 1-car garage provides ample storage, including room for a golf cart. Enjoy the community amenities, including a recreation room and pool, designed to enrich your active lifestyle. Ideally located near shopping, dining, daily necessities, and freeway access, this home offers unparalleled convenience. Don't wait -- visit today and make this wonderful home yours!
Source: ARMLS #6805967
Interest rate and monthly payment estimated based on public records.
Source: ARMLS #6805967
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.