8536 S 40th Gln Laveen, AZ 85339
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About this home
Stop the scrolling and start the swooning - this gorgeous single-story gem on a corner lot in Arosa Estates is giving main character energy. Before we even get inside, let's talk about the perks: this home offers an assumable loan with an incredible 2.375% interest rate and a monthly payment of just $1,880.57 (subject to approval). Even better, it's been professionally inspected by a third party and came back with a clean bill of health - with every small finding already handled. Peace of mind? Check! Step inside to find wide-open spaces, tile floors, and neutral tones that make decorating a breeze (or at least won't start a color war). Natural light floods in from every angle like it's auditioning for a Vitamin D commercial, & recessed lighting keeps the glow going after sunset The kitchen? Absolute chef's kiss. We're talkin' staggered cabinets with crown molding (because your snacks deserve luxury), a decorative backsplash that says "I have taste and Pinterest," granite countertops smoother than your pickup lines, a pantry big enough for Costco hauls, and a center island that basically screams "entertain here!" The main bedroom is your personal peace treaty plush carpet, double sinks to avoid toothpaste territory battles, and a walk-in closet that could double as a small studio apartment. Out back, you've got a covered patio perfect for your morning coffee or pretending you're on vacation, low-maintenance pavers, and artificial turf that stays green no matter how bad you are at adulting. Bottom line? This home's got the looks, the layout, the lifestyle, and the low rate. Blink and it'll be gone, so grab your keys and let's make some real estate magic.
Source: ARMLS #6929497
Loan details
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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.