20954 E Camacho Ct Queen Creek, AZ 85142
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About this home
WOW! 4.99% VA assumable fixed rate. A non Veteran CAN assume this loan. Don't miss this incredibly rare opportunity! This is the only single-level home built in 2020 or newer in the entire zip code that offers a fully landscaped yard, private POOL, and a 50ft RV garage, all for under $900k. Forget builder-basic - this gorgeous home has been COMPLETELY RENNOVATED in 2024 with +$100,000 invested in luxurious upgrades. Step inside and be greeted by all-new flooring, a stunning chef's kitchen, and beautifully remodeled bathrooms including a STEAM SHOWER. Everything is pristine and move-in ready! Perfectly situated on an oversized (.26 acre), premium cul-de-sac lot with desirable north/south exposure this home offers unparalleled privacy with no neighbors directly behind Enjoy peaceful living in a quiet and comfortable setting. This spacious home features an open layout, 4 bedrooms, including a split primary suite for added privacy and a convenient guest ensuite. Car enthusiasts and RV owners will rejoice! This property boasts a 3-car garage plus a massive 50ft RV garage with pass-through doors, providing ample space for all your vehicles and toys. Step into your private backyard oasis, complete with a custom pool featuring a Baja step, elegant travertine pavers, and a massive grassy area. Relax under the covered patio or entertain in the separate lounge/entertainment area - the perfect setting for gatherings with family and friends. This beautiful, quiet neighborhood offers walking paths and parks, and is conveniently located close to downtown QC with its abundance of restaurants and shops. Don't miss this one-of-a-kind opportunity!
Source: ARMLS #6820532
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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.