17288 E Lakeview Ct Mayer, AZ 86333
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About this home
Unlock the potential in this single level home located in the peaceful Spring Valley community of Mayer. Set on a spacious 9,583 square foot lot, this 3 bedroom, 2 bathroom home offers 1,361 square feet of living space with a smart layout and tons of opportunity. Whether you're an investor looking for your next project or a buyer ready to put in some work and build equity, this home is full of promise. The floor plan includes a split bedroom setup, large living and dining areas, and bonus spaces like a workshop, storage room, and an additional flex room perfect for a home office, hobby studio, or library. Multiple patios, both covered and open, offer great spaces to enjoy the outdoors or entertain. The lot is level with natural landscaping and native trees, giving you privacy and low maintenance appeal. There's a two car garage, off street parking, and even space for an RV. With no HOA and a county maintained road, you'll enjoy more freedom and less hassle. Located just minutes from Highway 69, this property offers easy access to Prescott Valley while giving you the feel of quiet country living. It's also located in a USDA eligible area, which means attractive financing options for those who qualify. This is a property with great bones, ready for your personal touch. Take advantage of the opportunity to create something special. Come see today and explore the possibilities.
Source: ARMLS #6926475
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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.