8727 S 40th Dr Laveen, AZ 85339
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About this home
Beautiful and spacious 4-bedroom, 2.5-bath home located in the desirable Montana Vista community! Inside, you'll find a warm and inviting layout featuring stylish laminate flooring, a soft neutral color palette, and multiple living spaces that offer flexibility for relaxing or entertaining. The upgraded kitchen is the heart of the home with crisp white cabinetry, granite countertops, stainless steel appliances, a generous pantry, and an island with breakfast bar seating that flows right into the dining space. Upstairs, the oversized primary suite features double-door entry, a large closet, and private access to a balcony, perfect for soaking in the sunrise. The ensuite bath boasts a dual-sink vanity, separate soaking tub, and tiled shower for a spa-like experience. Enjoy a roomy..... backyard with mountain views and space to create your own outdoor retreat. This home is ideally situated minutes from the 202 freeway, shopping, restaurants, and plenty of outdoor recreation including soccer fields, basketball and tennis courts, a lake, and scenic trails. Plus, you're just around the corner from Aguila Golf Course and Cesar Chavez Park & Library. This one is ready to impress, come see where your next chapter begins!
Source: ARMLS #6894522
Loan details
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Close stress-free in 45 days, handled start to finish by Roam.
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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.