8242 E Mulberry Ln Scottsdale, AZ 85251
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About this home
A South Scottsdale gem. NO HOA! This is a professionally remodeled top to bottom home that is like brand new with plumbing under concrete slab, electric wiring/panel, modern appliances, a pool that was recently pebble tec'd that can be heated or cooled, custom Baja deck surrounded by travertine pool decking, and a recently added large salt water hot tub. The patio is dressed in custom designed multi-motor controlled sun shades by All Pro Shades Concepts LLC. This rare find is minutes away from Old Town Scottsdale and Fashion Square Mall matching the resort lifestyle you seek. The custom designed metal fence toppers and gates enclose the entire backyard for complete privacy that is accentuated with beautiful plantings,pavers, and high end landscape lighting by Jeffery Centers. If the backyard takes your breath away, the inside does no less with beautiful lighting ,open spaces, dual pane custom windows, modern trim throughout and plantation shutters . If you love to cook there is a Chef's kitchen with custom pot filler, gas range, wine bar, and center piece island. There is also custom designed gutters all around the perimeter of the roof protecting you from those August monsoons. Since 2020, this property has continuously been upgraded inside and out with fixtures, appliances, cooling and heating equipment, furnishings, electronics, and more costing in excess of $167K with no details left behind. Resort living and entertainment IS the highlight of south Scottsdale and this home represents that experience all around.
Source: ARMLS #6927392
Neighborhood
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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.