2720 W Plateau Ridge Dr Tucson, AZ 85742
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About this home
Assumable VA loan at 4.7% interest rate! Fall in love with this beautifully upgraded 4-bedroom, 2.5-bathroom home with a versatile den--perfect for a home office, playroom, or creative space. Nestled in a sought-after Arizona neighborhood, this residence offers high-end finishes, thoughtful upgrades, and exceptional functionality.The stone-accented facade, professionally landscaped front yard, 3-car garage, and RV gate make an impressive first impression. Inside, you'll find fresh paint, stylish accent walls, and an open-concept floorplan filled with natural light. The spacious living room flows into a sleek, modern kitchen complete with white cabinetry, granite countertops, tile backsplash, Samsung stainless steel appliances including a fridge, double wall ovens, a walk-in pantry, and a large island with a breakfast bar. The primary suite is a relaxing retreat with plush carpet, a roomy walk-in closet, and a spa-inspired en suite featuring dual vanities. Each secondary bedroom is generously sized, while the hall bath includes a beautiful accent wall and hooks for added convenience and style. Upgrades include a built-in mudroom, Envision alarm system, epoxy-coated floors in both garages, and a water softener for added comfort. The den, accessed by double doors, adds flexible living space to suit your needs. Step outside to a fully finished backyard oasis featuring turf, pavers, and a covered patio. Additional highlights include recessed lighting, upgraded fixtures, a large laundry room, and energy-efficient features throughout. Located near schools, dining, shopping, parks, and freeway accessthis home blends luxury, comfort, and convenience in one exceptional package.
Source: SOUTHAR #22518910
Neighborhood
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Close stress-free in 45 days, handled start to finish by Roam.
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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.