6717 E Via Arroyo Largo Tucson, AZ 85756
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About this home
Welcome home to your assumable & spacious 2,633sqft Richmond American home built in 2022 in the award winning Vail School District. With 5 bedrooms, 3 bathrooms, and an upstairs loft, your home offers plenty of flexible space. The main floor features a large great room with an upscale, open kitchenand dining room. The kitchen boasts a large island, upgraded cabinets, and a walk-in pantry. Off the foyer is a full bedroom and bathroom perfect for a mother-in-law suite or guest privacy. At the top of the stairs is a generous-sized loft space and four bedrooms, including the primary retreat with a large walk-in closet. The large backyard is fully landscaped with trees and real grass, and plenty of room for a pool. The extended-length garage gives you extra room for larger vehicle Located on a desirable premium lot with no rear neighbors that backs directly to "The Loop" bike path and open space with unobstructed mountain views. This beautiful, thoughtfully upgraded home is move-in ready for you. Located in the highly desirable La Estancia community where you will love the great selection of schools available within the sought after Vail School District. La Estancia has direct access to 'The Loop', an interconnected system of more than 130 miles of paved pathways and bike lanes, as well as two community pools, splash-pad, basketball court, pickleball courts, playgrounds, and more than 8 beautiful parks. La Estancia is within close proximity to many major employers, including Davis-Monthan AFB, Tucson International Airport, UA Tech Park, Raytheon and Amazon. Call for your private showing of this stunning home today!
Source: SOUTHAR #22527517
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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.