708 Camino Arruza Rio Rico, AZ 85648
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About this home
Welcome to 708 Camino Arruza, an inviting retreat nestled in the charming community of Rio Rico. This property presents a rare opportunity for discerning buyers to experience the perfect blend of comfort, convenience, and natural beauty right in the heart of southern Arizona's scenic surroundings.Step inside to discover a home thoughtfully designed to maximize living space and flow. The layout provides an ideal backdrop for both relaxation and entertaining. Sunlight pours through generous windows, creating a warm and welcoming atmosphere that carries throughout the home. Every room feels open and airy, offering views of the tranquil landscape that surrounds the property. Whether you're unwinding in the spacious living area or sharing a meal in the dining space, you'll appreciate the seamless blend of practicality and style. Outdoors, enjoy the peace and privacy that comes with the property's serene location. The expansive yard offers ample possibilities for outdoor living, gardening, or simply basking in the Arizona sun. Mature desert flora and a well-maintained grounds provide an ever-changing canvas of natural beauty. Imagine evenings spent on the patio, with sweeping views and gentle breezes that provide the perfect setting to unwind after a long day. Convenience is a key highlight of this address. 708 Camino Arruza is ideally situated close to some of Rio Rico's most desirable amenities. Rio Rico High School is just under 2 miles away, offering a quick commute for families, while San Cayetano Elementary School, acclaimed for its strong community reputation, is also nearby. Outdoor enthusiasts will appreciate that Pe??a Blanca Lake, a favorite local destination for fishing, boating, and picnicking, is a brief drive away. Essential shopping and dining options such as Rio Rico Plaza and local restaurants can be accessed within a short distance, making daily errands simple and stress-free. With its beautiful setting, inviting spaces, and proximity to top schools and local attractions, this property is a rare find in Rio Rico. If you're seeking a home that truly meets your needs and enhances your lifestyle, 708 Camino Arruza invites you to imagine a life of comfort and possibility.
Source: SOUTHAR #22521577
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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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