167 S Hancock Trl Casa Grande, AZ 85194
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About this home
Welcome to this Beautiful 2 Bed, 2 Bath Home w/den & OWNED SOLAR! Situated on a privacy lot in the highly sought after Mission Royale 55+ Community. This popular 107 model offers both style & functionality. Step inside to find custom staggered tile flooring, plush carpet in the bedrooms, plantation shutters & ceiling fans in every room. The spacious den includes a built-in Murphy bed and built in cabinets, perfect for guests or flexible office space. The kitchen boasts granite countertops, an eat-at peninsula bar & LG stainless steel appliances. The primary suite is a true retreat featuring split A/C unit, large walk-in closet & luxurious bath w/custom walk-in shower, raised dual-sink vanity & skylight. Your guests will enjoy their stay w/private guest bedroom featuring a bay window & a second bathroom w/custom walk-in shower. Relax & entertain in the custom Arizona room, complete with travertine tile, leading to the extended outdoor patio & fenced backyard that backs to a peaceful wash, ideal for privacy & enjoying Arizona sunsets. Enjoy the comfort of the newly replaced HVAC, water heater & extended garage with extra lighting and custom built in cabinets throughout. This move-in ready gem combines comfort, quality & a perfect location in a community filled with amenities & active adult living.
Source: ARMLS #6904979
Loan details
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45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
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If you find a better price on any home, we’ll match it.
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.