9736 E Sleepy Hollow Trl, Gold Canyon, AZ 85118
4 beds · 6 baths · 3,519 sqft
This is the opportunity of a lifetime for a family to have an amazing forever home. Can you imagine having coffee every morning to a perfect view of the famous Superstition Mountains? All you hear morning, day and night is nature and the sound of sunlight waking up serenity. It is absolutely stunning. There is no view of such peace anywhere in the State of Arizona. The wise buyer always seeks and verifies: location, location, location. The layout of the home is wonderful. Home has a theatre room; and a large lower level that can be used for entertaining guests. The entire back of the home has a large porch looking directly at the mountains. There is a walk out porch on the lower level leading into the gated pool. Hot tub outside and a shower. All rooms have full bathrooms and walk in closets. Oversized laundry room with walk in pantry. Curb appeal is gorgeous desert landscape and there is a private driveway in front of property with gated entry into the private residence. Home does not have an HOA and you can have horses on the property. RV and more than 8 areas for parking available on the lot. This is a perfect home for a family with some of the best schools near. Gold Canyon Golf Resort is right down the road. The home is accessible to fine shopping malls and has easy freeway access. Make this a forever home for your family because it is amazing. Home has been upkept very well by the loving owners.
Source: ARMLS #6834488
Financials
Source: ARMLS #6834488
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.
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