18332 W Montebello Ave Litchfield Park, AZ 85340
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About this home
Fantastic move in ready home. This is a gorgeous 4 bed w/den & BONUS ROOM, 3.5 bath residence in the sought-after Community of Savannah is now on the market! This home has stunning curb appeal, manicured low-maintenance front yard, and 3 car garage w/ EV plug and extended driveway! Come inside to discover a circular foyer which flows seamlessly into a spacious living area and formal dining room w/coffered ceilings. Elegant tile flooring, recessed lighting, and soothing palette throughout! The luxurious chef's kitchen is comprised of ample 42''Cherry Cabinets w/granite counters & backsplash, stainless steel appliances, wine fridge, large Kitchen Island, a custom walk in pantry, breakfast nook, and a lovely breakfast bar which opens into a nice family room. Cozy den w/double doors... ideal for an office! Enjoy a good night's sleep in the primary bedroom with sitting area, featuring private outdoor access, master bath has walk-in shower with glass block and tile, a large walk-in closet with lots of room, and a lavish ensuite w/dual sinks & makeup table. Guest room with its own bath and other bedrooms with Jack and Jill bath. In addition a large solar system that will help reduce electric expenses. Home is wired for power over ethernet (POE) security cameras. Finally, the expansive backyard is just right for family gatherings, includes RV parking with 14 foot wide RV gate, 50 amp RV hook-up, covered patios, and a fenced in sparkling saltwater pool that is perfect for the warm summer days and salt water above ground jacuzzi for the winter! This home is a must see. Don't let this incredible opportunity slip by!
Source: ARMLS #6921117
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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.