280 W Oak Hills Dr Oracle, AZ 85623
Your savings
About this home
Charming Hilltop Retreat with Great Views and a Guest House on 2.58 Private Acres. Spacious 3-bedroom, 3-bath home, 1,893 sq ft of living space in the home and 1263 in the guest house nestled a top a serene hilltop. The property is beautifully covered with mature oak trees, offering shade, privacy, and a picturesque natural setting. 2 wood-burning fireplaces, with 1 located in the dining area and the 2nd one in the versatile family room/den--perfect for a potential 4th primary suite with its own bathroom, creating a desirable split floor plan layout. Large dining area with a rock fireplace, a sunroom/Arizona room, and a pantry with ample storage. Enjoy outdoor living on the expansive brick patio, ideal for entertaining or relaxing under the trees. 2-car carport with 2 storage room laundry room with extra storage. Hot tub (conveys as-is; owner has never used it) The property also includes a charming guest home approximately 1,263 square feet complete with a covered front porch, AC, large storage room, bathroom, and kitchenette area perfect for guests, multi-generational living, artist studio or work shop. This unique property combines space to spread out, privacy, and versatility ideal for those seeking comfort and room to grow in a peaceful, oak-studded setting.
Source: SOUTHAR #22513877
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.