510 N Alma School Rd Unit 141 Unit 141 Mesa, AZ 85201
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About this home
Location, Location, Location; 5 miles to ASU, 10 miles to Old Town Scottsdale, with Mesa Riverview Shopping/Dining and the Chicago Cubs Spring Training in between. This Updated 3 bed 2 bath Townhouse has Newer stainless steel range and dishwasher with a Stackable Bosch Washer and Dryer. NEW inside paint, NEW wood looking vinyl floors, New baseboards and door trim. Perfect for those looking for a low-maintenance property close to shopping, dining, and entertainment options. Enjoy the freshly remodeled community pool and spa just steps away. Located near the 101 and 202 with quick access to Sky Harbor Airport, the light rail, and anywhere in metro Phoenix. Featuring a full bedroom & bathroom on the main level, and the primary suite & a guest bedroom upstairs. Private enclosed patio and outside storage closet located at the front of the townhome. This would be an ideal starter home or investment opportunity. The refrigerator and washer/dryer combo are included. HOA covers water/sewer/garbage, blanket insurance, exterior maintenance, roof replacement & allows rentals with a 30 day minimum stay. Great interior location in the community which comes with one covered parking space. Turnkey and ready for your move in. Why rent when you can have this affordable Townhouse in a great location!!!
Source: ARMLS #6891650
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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.