3316 E Brookwood Ct Phoenix, AZ 85048
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About this home
Just reduced!!! Welcome to an exceptionally rare opportunity in the heart of Lakewood. A stunning single level home that blends refined living with resort style relaxation. Spanning nearly 1,700 square feet, this beautifully updated 3 BR+ den residence is thoughtfully designed for both comfort & style. Inviting family room that opens directly to a chef-inspired, fully remodeled, gourmet kitchen. No detail was spared. Sleek shaker-style cabinetry w/ pullout shelves, expansive quartz countertops, a generous center island, & top-of-the-line GE Café stainless steel appliances, including a French door refrigerator with dual bottom freezers. This kitchen is as functional as it is beautiful, perfect for everyday living and unforgettable gatherings. The primary suite offers a quiet retreat complete with a spacious walk-in closet & a fully remodeled ensuite bathroom. Two additional bedrooms provide ample space for family or guests & a versatile 4th BR/ den/ office offers the flexibility to fit your lifestyle. Step outside into your own private paradise. The backyard is a true showstopper, surrounded by lush tropical landscaping & mature trees that create a secluded oasis. Take a dip in the newly upgraded pebble tec pool, complete w/ a relaxing Baja shelf, or unwind under the stars in this serene sanctuary. Additional highlights include a brand-new water heater (installed June 2024) & a prime location just a short stroll from Lakewood Lake & the community park. Enjoy easy access to a variety of upscale dining options, shopping, top-rated schools, hiking trails & major freeways, all within minutes. This home is truly a rare find, single-level luxury living w/ a dream backyard in one of Lakewood's most desirable neighborhoods. Ask lister regarding seller credit towards flooring remodel, closing cost or rate buydown.
Source: ARMLS #6900281
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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.