12677 N 77th Dr Peoria, AZ 85381
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About this home
Welcome to a five-bedroom, three-bathroom dream in the heart of Peoria with no HOA, RV Gate and Parking, space you've been searching for, and upgrades that make this home stand out from the rest. From the moment you walk in, soaring ceilings and natural light welcome you into a spacious, multi-level layout designed for both everyday living and effortless entertaining. As an added bonus, the seller is offering a carpet allowance. Buyers will choose from a variety of carpet samples available on site , with installation completed before closing so the home feels brand new on move in day. The kitchen features granite countertops, a center island, and ample cabinetry, flowing into a generous dining area and a large family room complete with a cozy fireplace and built-in wet bar. The primary suite offers a relaxing retreat leading to a tastefully updated ensuite bathroom featuring dual vanities, a beautiful walk-in shower, and a large closet. All three bathrooms have been thoughtfully upgraded with clean, modern finishes. Two newer high-efficiency Trane AC units provide comfort year-round along with a new water heater. Step outside and you'll find a backyard built for making memories, with a sparkling pool, attached spa, built-in BBQ with bar seating, firepit, and a vibrant outdoor fireplace lounge area. The RV gate and dedicated RV parking add the rare flexibility every Arizona buyer is looking for. With a three-car garage, outdoor storage, and a location just minutes from parks, shopping, and dining, this one checks every box.
Source: ARMLS #6899485
Loan details
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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.