3291 E Devonshire Ave Gilbert, AZ 85297
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About this home
OPPORTUNITY to own this fabulous home featuring 5-bedroom, 2.5-bathroom with a split floor plan in Coronado Ranch! Welcomed by a 3-car garage, well-manicured landscaping, and an inviting covered front patio. Discover the grand entrance, soaring ceilings & graceful living areas. Step inside to discover a spacious and serene living/dining area with vaulted ceiling, fashionable fixtures, classic plantation shutters, and gorgeous tile flooring & soft carpeting. Gather loved ones in the dedicated family room with a beautiful accent wall, perfect for relaxing evenings and hosting social gatherings. The impeccable eat-in kitchen boasts Corian countertops, lots of beautiful cabinetry, recessed lighting, SS appliances, a mosaic tile backsplash, a cabinet pantry, and a kitchen island with a breakfast bar for casual dining. There is a formal dining area as well, perfect for hosting family holidays. Double doors lead to the large primary bedroom, showcasing a convenient exit door to the backyard, soft carpeting, a walk-in closet, and an ensuite bathroom with dual vanities, and a garden tub & separate shower with glass doors. The remaining 4-bedrooms are all ample size with soft carpeting and share the hallway bathroom. The laundry is located inside with a utility sink. The enchanting backyard offers a covered concrete patio and a grassy backyard. Truly a private paradise whether you're cooking summer barbecues or simply savoring a quest moment, the covered patio offers the perfect setting for entertaining friends or family. Make it yours now!
Source: ARMLS #6920735
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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.