11531 N Jerome St Surprise, AZ 85388
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About this home
Welcome to your dream home in the 55+ section of beautiful guard-gated Sterling Grove where amenities include resort-style pools, tennis/pickleball courts, a state-of-the-art fitness center, a restaurant, spa, and a Troon-managed golf course! This highly upgraded, original-owner home features a spacious great room with vaulted ceilings, 2 bedrooms with en-suite baths, and a den/office in 2289 SqFt. The gourmet kitchen has shaker-style cabinetry, stunning granite countertops, stainless appliances, a large double-door pantry, and an island with breakfast bar and pendant lighting. Sliding doors lead out to the extended covered patio with two ceiling fans, and a low-maintenance backyard complete with a firepit and golf course and park views. The primary suite offers an en-suite bath with a dual sink granite-topped vanity, tiled shower with bench seating, and a walk-in closet. The secondary bedroom also has a walk-in closet and an en-suite with a tub/shower combo, perfect for your guests. Other features include wood-look tile floors throughout living areas and baths, carpet in bedrooms, designer light fixtures and upgraded ceiling fans, a spacious laundry room with cabinets and sink, a water softener, and a 2-car garage with epoxy floors, cabinets, and a service door to the backyard.
Source: ARMLS #6918085
Loan details
Neighborhood
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Close stress-free in 45 days, handled start to finish by Roam.
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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.