2955 E Flossmoor Ave Mesa, AZ 85204
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About this home
Allred Ranch • Built 2019 • 3 Bed + Den • Solar (loan in place) • High ceilings • Near YMCA & Village Square at Dana Park Smart style meets modern function in this single-story 3-bedroom + den, 2-bath home located in Mesa's desirable Allred Ranch community. Built in 2019, the 1,838 sq ft layout features an open design with high ceilings, neutral finishes, and a split floor plan that provides both comfort and privacy. The kitchen includes island seating, updated appliances, and generous storage, flowing easily into the living and dining spaces ... ideal for everyday living or entertaining. Energy-efficient solar panels (loan in place) help manage utility costs, while the covered patio and low-maintenance backyard provide easy outdoor enjoyment. Residents can stroll the greenbelt paths within the community or visit nearby Countryside Park (0.3 mi) for open space and recreation. Ross Farnsworth - East Valley Family YMCA (5.0 mi) offers expanded fitness, aquatic, and youth programs, while shopping, dining, and entertainment are just 2.5 mi away at Village Square at Dana Park. Additional highlights include a two-car garage, dedicated laundry room, and quick freeway access for commuting. With its modern layout, energy-efficient design, and Mesa location close to the YMCA, parks, and daily conveniences, 2955 E Flossmoor Ave offers comfort, practicality, and connection in a vibrant neighborhood setting.
Source: ARMLS #6881777
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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.