3520 S 160th Ln Goodyear, AZ 85338
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About this home
Seller is offering a $10,000 credit for an enormous interest rate buy down! MOVE IN READY 3-bedroom, 2-bathroom corner lot gem offers a spacious 1,678 sq ft of single-level living in the highly sought-after Sarival Village!! Nestled close to the new warehouse development center—bringing an influx of job opportunities—and the vibrant Buckeye Arena, this location is destined to impress! As you approach, you'll be captivated by the gorgeous desert landscape that enhances the curb appeal of this delightful abode. Picture yourself sipping morning coffee on your serene patio in the beautifully designed desert backyard—perfect for relaxing under the stars or entertaining friends and family! Inside, you're greeted by light-filled spaces adorned with soaring vaulted ceilings. This home shines with recent upgrades, including fresh exterior paint, a new AC unit, and a water heater, ensuring comfort and efficiency year-round. Calling all culinary enthusiasts! The kitchen is a chef's delight, boasting abundant cabinet space, an island, pantry, and sleek Corian countertops--ideal for whipping up delicious meals or hosting epic dinner parties! The family room is perfect for movie nights or cozy gatherings with loved ones. With elegant tile flooring throughout and plush carpeting in the bedrooms, each space is designed for relaxation and ease. The master suite features a spacious walk-in closet and an en-suite bathroom featuring a convenient tub/shower combo--perfect for unwinding after a long day. And let's not forget the garage! Featuring stylish epoxy flooring, it's the perfect spot for your vehicles, hobbies, or extra storage. Don't miss your chance to call this home and say yes to a lifestyle you've always dreamed of in Sarival Village!
Source: ARMLS #6845064
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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.