4737 W Villa Theresa Dr Glendale, AZ 85308
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About this home
This beautifully maintained 5-bedroom ranch-style home offers the perfect combination of space, comfort, and functionality. Featuring a desirable north/south exposure, the home welcomes you with a well-manicured front yard and charming curb appeal. The spacious kitchen is outfitted with laminate countertops, a refrigerator, disposal, and 220-volt outlet, perfect for your cooking needs. A breakfast bar opens to the dining area, creating a functional space for daily meals or weekend gatherings. The primary suite includes a full en-suite bathroom, while the additional bedrooms offer flexibility for guests, kids, or hobbies. An indoor laundry room with an included washer & dryer adds everyday convenience, and ample storage throughout helps keep life organized. Outside, your private backyard retreat with a sparkling fenced pool awaits, perfect for cooling off on hot summer days or hosting weekend barbecues under the large covered patio. The expansive grass backyard offers plenty of room for play, pets, or future customization. The home also features a roof replacement in 2023, ensuring peace of mind for years to come. Parking is a breeze with a two-car garage and an RV gate, perfect for storing recreational vehicles, trailers, or boats. Located near top-rated schools, beautiful parks, and just minutes from Arrowhead Towne Center, local restaurants, and entertainment, this home delivers close proximity to everyday amenities. With city water and sewer, electric heating and cooling (including central air and ceiling fans), and block fencing for added privacy, this home checks every box for comfortable Arizona living.
Source: ARMLS #6900632
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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.