6428 E Shea Blvd Scottsdale, AZ 85254
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About this home
Desirable North Scottsdale location priced for quick sale. This home has been partially remodeled and has important updates such as the chef's kitchen with gas cooktop, custom cabinetry, granite countertops with a giant island and a huge walk-in pantry. New HVAC in 2024, new plumbing, electrical, foam insulation plus fire sprinklers done in 2019. This horse property is on just under 1-acre of land & has a large pool, greenhouse, chicken coop and NO HOA. There is alley access that connects to horse trails, making it a perfect horse property. Plenty of space for all your toys, cars, RVs, boats, hobbies, build a sport court or pickleball court, guest house, massive garage - or all of the above.The unique yet functional layout with the 5th bedroom currently utilized as a salon salon with a separate entry, making it ideal for a mother-in-law suite, home office, or small business - or a salon! With parking for multiple vehicles, including an extra-wide RV gate, you'll have no shortage of space for all your toys. The home is set back from Shea with a frontage road for easy access & security. There's room for your special touch to make this home your own private oasis. Very low property taxes! Close to the best shopping and dining at Kierland Commons, Scottsdale Quarter, Fashion Square Mall and easy access to the 51 and 101 freeways and top schools.
Source: ARMLS #6940959
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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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