5520 E Holmes Ave Mesa, AZ 85206
Your savings
About this home
Welcome to your new home! From its courtyard entry to the backyard oasis, this residence offers thoughtful upgrades throughout. Inside, solar tubes provide natural light, while replaced windows and patio doors enhance efficiency. The spacious split-bedroom floor plan boasts a bright family room, vaulted ceilings, a formal living/dining room, tile/carpet floors, neutral paint, and a laundry room with a sink. Beautiful kitchen showcases a large island and breakfast bar, gleaming granite counters, stainless steel appliances including a gas stovetop and electric oven with gas stub, a walk-in pantry, pull-out shelving in lower cabinets, and under-cabinet lighting. You'll love spending time in your heated backyard pool complete with protective fencing. Get ready to move into your perfect home! The primary suite features private backyard access, a bathroom with dual sinks, a walk-in shower, and a custom closet with built-in shelving. Additional bedrooms include one with new carpet, another used as an office with the original carpet, and a third with updated flooring. The hall bath includes dual sinks, a private toilet, and a tiled tub/shower combo (5 years old)! Enjoy year-round outdoor living with a covered patio, two outdoor ceiling fans, a fenced pool, natural turf, and a putting green. The 3-car garage has storage racks and pull-down attic access, plus RV amenities including a gate, room for a motor home, and a 220v plug. Additional highlights are two air conditioners, city gas and water services, N/S exposure, and solar panels (paid off at the close of escrow). Talk about the perfect home for modern living!
Source: ARMLS #6917981
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.