38 Longview Loop Rd Elgin, AZ 85611
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About this home
Experience the best of country living in this beautifully renovated 2-bedroom, 2-bath masonry home, set on 9.63 serene and usable acres in scenic Elgin. Fully updated in 2021, this inviting residence blends comfort, functionality, and natural beauty with thoughtful upgrades. Inside, you'll find newer wood-look tile flooring throughout, dual-pane windows and sliding glass doors, upgraded lighting, and fresh interior and exterior paint. A cozy wood-burning fireplace, exposed beams, and a high ceiling in the living room add warmth and character. The gourmet kitchen boasts sleek modern finishes including granite counters, a farm sink and new stainless steel appliances. Both bathrooms have been tastefully remodeled and include granite countertops. Perched on an elevated homesite, the property offers sweeping views of open pastures, mountains, and unforgettable sunrises and sunsets. The heated, sparkling pool is surrounded by a block-walled patio, perfect for entertaining or unwinding in your private oasis. Outdoors, the property is as functional as it is beautiful, with a private well, extensive landscaping, full fencing, an irrigation system, and even a mature blackberry bush on a custom-built trellis. Horse enthusiasts and hobbyists alike will love the impressive 2,432 sq. ft. steel-constructed barn/garage, ideal for tack, storage, a workshop, or additional garage space, with an additional pull-through covered parking for a horse trailer or RV. The main home also includes an attached 2-car garage and a 2-car carport. Offered with two adjoining tax parcels (108-05-007 & 108-05-006), this rare, turnkey property offers a move-in-ready home, a pool, extensive covered parking, a substantial barn, and a private well, set against the backdrop of Elgin's peaceful, pastoral beauty. Don't miss your chance to own this exceptional slice of Arizona paradise.
Source: SOUTHAR #22519978
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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.