45 Yellow Hat Cir Sedona, AZ 86351
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About this home
45 Yellow Hat Cr, with its pie-shaped walled lot, will wrap its arms around you just as the beauty of the Village of Oak Creek Golf Course wraps its arms around this property. When it's gone, there won't be another like this one. The living space of 2064 sq ft represents 2BRs/2.5 Baths plus a studio/den off the Primary BR. The kitchen and bathrooms have been upgraded. A wood burning stove makes the entire living area warm. A wood-burning fireplace in the studio/den adds atmosphere to the charm of this room. Walk in and be immediately met by 3 walls of glass opening the living space to the rich beauty of the golf course and red rocks. The same is true from the studio/den with two walls of glass opening up this room and the Primary BR to the outstanding golf course and red rock views. The "piece de resistance" is the outdoor kitchen, patios, and propane fire pit. It's clear that an artist has had a hand on the development of this special home. But, what would you expect in Shangri-La? The home is heated and cooled via heat pump and radiant heating from the ceiling. A two-car garage is attached. You'll love the metal roofing and solar panels reducing the APS bills to just about nothing. There is an RV parking area and a greenhouse. This home has been pre-inspected to prepare for marketing. Ask your agent to print the inspection report from the MLS Documents.
Source: ARMLS #6937670
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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.
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