2033 E Hillery Dr Phoenix, AZ 85022
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About this home
Don't miss seeing this charming 4-bedroom, 2 bath single level home with brand new air conditioning /heating system with transferrable warranty and newly updated interior neutral color scheme nestled in the heart of Phoenix near Lookout Mountain. A spacious gem with timeless appeal the home sits on a large lot featuring boulder/cactus landscaping, citrus trees and patriotic American flags. The open floor plan and backyard oasis are perfect for relaxing and hosting unforgettable gatherings with the oversized covered patio, exterior stone fireplace, built-in BBQ, decorative fountain and synthetic turf. It has been the backdrop for countless gatherings and a magical wedding creating lasting memories. There's a workshop for crafting. Enjoy scenic mountain views from the walkway leading to the entry with the American flag displayed. Stepping inside discover the sunken living room, dining area and family room. The kitchen is a chef's delight with convenient breakfast bar, walk-in pantry, ample counter space and customized cabinetry. Original windows and slider on the south side of home were replaced with Renewal by Anderson dual panes. Newer installed tile with accents add modern flair in the bedrooms and baths and hot water is always available with the solar hot water heater. The primary bedroom is punctuated by a flex alcove and lovely French doors that open to the covered patio. Assistive accessibility features are found in the primary bath. Additional enhancements include a custom built mailbox with lock and the home interior and exterior were recently painted. Enjoy the convenience of access to the hiking trails, shopping and freeways. This very special home is ready to be enjoyed by the new owner. Refrigerator, curtains in the living and dining rooms and in the primary bedroom do not convey.
Source: ARMLS #6867785
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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.