18351 W Mission Ln Waddell, AZ 85355
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About this home
This home has $175k+ in upgrades with a Resort-Style backyard featuring a sparkling NEW POOL is priced to sell in the beautiful community of Cortessa. Before entering the home you can instantly see the pride of ownership this home has. A lush quality turf lawn and a travertine walkway lead you to a gorgeous Iron entry door (by First Impression Ironworks 2025). This 1,600 sq. ft., 4 bed / 2 bath home truly has it all: All New ENERGY STAR rated windows - Renewal by Anderson, plus a new sliding door and French doors off the primary bedroom - all ''Energy star rated''. California Closets in the primary suite, laundry room, and garage; all new lighting & fixtures inside and out. Stepping out to the backyard you instantly feel like you are on vacation with a sparkling pool, travertine hardscaping, turf and two pergolas. An entertainer's dream! The homeowners have spared no expense, and it shows in every detail. The Cortessa community features scenic walking paths, play areas, and breathtaking views of the White Tank Mountains, perfect for hiking, camping, and outdoor adventures. All just minutes from the 303 freeway, shopping, and dining.
Source: ARMLS #6927159
Neighborhood
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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.