Assumable Mortgages in Arizona: Your Gateway to Homeownership at Lower Rates

Looking to buy a home in the vibrant Arizona market? Consider the advantage of assumable mortgages, a unique opportunity to secure a home loan with a potentially lower interest rate than current market rates. Our platform is designed to connect Arizona home buyers and sellers who are interested in the benefits of assumable mortgages.

What We Offer:

  • Extensive Listings: Explore a wide range of Arizona homes available for purchase with assumable mortgages. Filter by location, price, property type, and more to find your ideal home.
  • Educational Resources: Learn everything you need to know about assumable mortgages, from how they work to their eligibility requirements and potential benefits. Our resources will guide you through the process.
  • Expert Guidance: Connect with Terry Day a real estate professional that specializes in assumable mortgage transactions. Get personalized advice and support throughout your home-buying journey.

Why Choose Assumable Mortgages in Arizona:

  • Lower Interest Rates: Benefit from potentially lower interest rates compared to new mortgage loans, especially in a rising rate environment.
  • Flexible Financing: Explore various assumable mortgage options, including FHA, VA, and USDA loans.
  • Unique Opportunity: Gain access to properties that might not be available through traditional financing methods.

Find Your Dream Home in Arizona with an Assumable Mortgage. Start your search today and discover the advantages of this unique homeownership path.

Assumable Mortgage FAQs

What is an assumable mortgage?

An assumable mortgage lets a buyer take over the seller's existing home loan, including its interest rate and remaining term, instead of getting a brand-new loan. The lender or loan servicer has to approve the buyer first.

Which loans can be assumed?

FHA, VA and USDA loans can generally be assumed. Most conventional loans cannot, because they usually include a due-on-sale clause. If you are not sure what kind of loan a seller has, ask me and I will help you find out.

Do I still have to qualify?

Yes. The lender reviews your credit, income and finances, just as with any other loan. Qualifying rules depend on the loan type and the servicer.

How much cash will I need?

You usually pay the seller the difference between the sale price and the remaining loan balance. That gap can be paid in cash or, in some cases, covered with a second loan. Closing costs and any assumption fees are extra.

Can a non-veteran assume a VA loan?

Often yes, but there are rules. If the buyer is not a veteran, the seller's VA entitlement can stay tied to the loan until it is paid off, which matters to some sellers. A lender can explain the details for your situation.

How long does an assumption take?

It can take longer than a standard purchase, because the loan servicer has to review and approve the assumption. Timelines vary by servicer, so it helps to plan your closing date carefully.

Is an assumable mortgage right for me?

It depends on the seller's rate compared with today's rates, the size of the gap you would need to cover, and how quickly you need to move. When the numbers work, it can lower your monthly payment. When they don't, a traditional loan may be the better choice. I will help you compare both.

How do I find assumable homes in Arizona?

Browse the listings on this page, then call me at 602-483-4665. I can help check whether a specific home has an assumable loan and how to structure a strong offer around it. Negotiation is where I am at my best, and I keep working until the keys are in your hands.

This information is general and not financial or legal advice. Talk with your lender about your situation. See also: How to Negotiate the Best Deal on an Arizona Home.

$330,000
3 Beds ⋅ 3 Baths ⋅ 7085849 MLS ⋅ 1,869 SqFt.
WELCOME HOME! This spacious 3-bedroom, 2.5-bath residence offers an impressive 1,869 sq ft of comfortable living space in the gated Bailey Commons community! Situated on a desirable corner lot, this home features a bright, open floor plan with vaulted ceilings and generous living spaces perfect for everyday living and entertaining. The kitchen offers a large island, ample cabinetry and pantry. Upstairs you'll find spacious bedrooms, including a primary suite with walk-in closet, dual sinks and private bath. Enjoy the convenience of inside laundry and an attached 2-car garage. Bailey Commons offers a sparkling community pool and maintained common areas. Conveniently located near the I-10 with easy access to shopping, dining and entertainment. With nearly 1,900 sq ft, 3 bedrooms and a 2-car garage, this home offers the space and convenience you've been looking for! Come "BUY" today!

2431 N 83rd Drive, Phoenix
$175,000
7085848 MLS
Private, quiet, and truly off-grid, this property is perfect for a weekend getaway, a horse-friendly retreat, or building your own homestead--yet still close to the conveniences of shopping and restaurants in Florence. This 30-acre parcel offers wide-open space, natural desert vegetation, and stunning 360-degree mountain views. Ideally located just off SR-79 for easy access, this corner lot sits at E Desert Hills Rd and Willy Rd, providing both privacy and excellent positioning for future use. This quiet 30-acre property sits approximately 45 minutes from the Southeast Valley and just 12 miles from Florence, AZ, it is nearly centered between Phoenix and Tucson, offering the ideal blend of privacy, open space, and convenient regional access.

E Desert Hills Road Unit -, Florence
$3,995,000
5 Beds ⋅ 6 Baths ⋅ 7085847 MLS ⋅ 3,908 SqFt.
Introducing an exceptional new-construction residence anticipated for completion in 2027, thoughtfully designed to blend sophisticated contemporary style, elevated finishes, and effortless indoor-outdoor living. The heart of the home is an expansive open-concept kitchen and great room, highlighted by vaulted ceilings, a dramatic 60-inch linear fireplace, and oversized sliding glass doors that create a seamless connection to the outdoor living spaces. The chef-inspired kitchen will feature Sub-Zero and Wolf appliances, a generous prep and entertaining island, and custom rift-cut white oak cabinetry, bringing warmth and a refined natural element to the home's contemporary design. Extensive cabinetry and thoughtfully planned storage provide exceptional functionality for both everyday living and entertaining. The main level offers a private primary suite with a spacious walk-in closet and beautifully designed bath, along with two additional bedrooms, a flex space, dedicated laundry room, pantry, mud and storage areas, and powder room. Tile flooring will extend throughout the first-floor common areas, while hardwood flooring will be featured in the bedrooms, with separate flooring selections in the bathrooms. Multiple courtyards bring natural light and outdoor living into the center of the home, including both a private courtyard and social courtyard. An expansive covered outdoor lounge and outdoor kitchen create an inviting extension of the interior living spaces, ideal for year-round Arizona entertaining. Upstairs, additional bedroom suites are complemented by a dedicated sky lounge with a linear fireplace and an expansive sky deck, creating a private second-level retreat. Hardwood flooring will extend throughout the second floor, excluding the bathrooms, creating a cohesive and elevated finish. Designed with both style and functionality in mind, the residence incorporates extensive built-in cabinetry, generous walk-in closets, wine storage, a statement pivot entry door, expansive glass, and an attached two-car garage. From its custom finishes and sophisticated interiors to its courtyards, outdoor kitchen, covered lounge, and elevated sky deck, this residence has been thoughtfully designed to deliver a seamless balance of luxury, comfort, and indoor-outdoor living.

7020 E Chaparral Road, Paradise Valley
$725,000
2 Beds ⋅ 3 Baths ⋅ 7085843 MLS ⋅ 1,791 SqFt.
Impeccable home on a premium lot in one of the East Valley's most sought-after-gated-neighborhoods. Newly built in 2018, this 2-bedroom plus office/flex room home in Mesa's prestigious Mountain Bridge community blends timeless style with thoughtful design. Step inside and fall in love with open space and clean lines. A magnificent kitchen island and distinctive lighting set the stage for everyday living and entertaining. The 20' sliding wall of glass opens to a bright, private backyard - a natural extension of space, light, and comfort. Surrounded by easy-care landscaping and a pristine lap-style pool, this outdoor sanctuary invites you to relax day or night. Master the elements and elevate your comfort with electric patio heaters for crisp winter nights and a fine-mist system for summer days, ensuring your patio remains the perfect temperature year-round. Motorized shades and split shutters offer flexible control of light and privacy. A 2-foot extension in both the Garage and Front bedroom, plus a Box-bay Extension in Owner's suite, add welcomed space. Additional features include whole-house water filtration and descaling, an app-accessible programmable thermostat, a newer Bosch refrigerator, an insulated garage door and three 4-by-8-foot overhead storage racks. When you experience Mountain Bridge, you have Arizona resort style living at its finest. Community amenities (included in HOA): Pool, Tennis, Pickleball, Basketball, Fitness Center, Playground, Clubhouse, Walking and Biking Trails and more. Fantastic location surrounded by Great Schools, Restaurants and Shopping. Minutes to Usury Mountain Park, just 5 mins to Freeway, 15 minutes to Saguaro Lake, 20 Minutes to Sky Harbor Airport and Scottsdale. Please see DOC-Tab for a complete list of upgrades - or view list below for recent highlights: " Beautiful Lap-style Pool to be enjoyed in the privacy of your own backyard (2019) " Thoughtfully Landscaped for ease and enjoyment (2019) " Programmable Thermostat - WiFi accessible via App " Whole-house Water filtration and descaling system (Jan '19) " Newer Bosch Refrigerator (Nov '25) " Newer Garage Door installed w/Upgraded Insulation (Nov '23) " Overhead Garage Storage Racks: 3 Racks -- 4' x 8' each " Added two Exterior Heaters: Onfratech Dual Element Heaters (Dec '20): * Convenient electronic control access on patio " Added Split-Shutters (60/40 split) for added flexibility in balancing privacy and light " Added Misting / Ground Fogger System (Installed and Maintained by Señor Mist) " Installed Motorized Shades on Wall of Glass

2121 N Dome Rock --, Mesa
$330,000
3 Beds ⋅ 2 Baths ⋅ 7085837 MLS ⋅ 1,845 SqFt.
Built in 2017, this single-story 3 bed, 2 bath Desert Passage home gives you 1,845 square feet with a layout that actually makes sense. The living and dining areas flow together into one generous, open space--giving you plenty of room for everyone at the dinner table and still tons of space to stretch out and relax. Out back, the private yard offers a quiet spot for slow morning coffee and easy room for weekend get-togethers. Living in Desert Passage means having the neighborhood pool and parks right down the street. The location makes everyday life simple, too--Walmart is just minutes away for quick grocery runs, and some fantastic community charter schools are right nearby. Low-maintenance, comfortable, and easy to picture yourself in. Come on by and take a look--welcome home!

40995 W Patricia Lane, Maricopa
$220,000
7085833 MLS
Bring your vision to life on this approximately 0.78 acre custom homesite with mountain views in Estrella Mountain Ranch. With mountain views and room to plan a home around the Arizona landscape, this lot offers an inviting setting for your future retreat. Beyond your doorstep, Estrella offers lakes, scenic trails, parks, and the Starpointe Residents' Club, with pools and a fitness center. Whether you picture quiet mornings taking in the views or weekends exploring the community, this is a place to build a home that feels entirely your own

9071 S Krista Drive E Unit 1, Goodyear
$349,900
3 Beds ⋅ 3 Baths ⋅ 7085831 MLS ⋅ 1,391 SqFt.
Welcome to this inviting 3-bedroom, 2.5 bath home offering 1391 sq. ft. of comfortable living in Mesa's Amador community. The bright, open interior features wood look flooring, neutral finishes and abundant natural light. The updated kitchen offers beautiful countertops, stainless steel appliances and plenty of workspace, opening conveniently to the dining and living areas. Upstairs, the spacious primary suite includes a walk-in closet, private bath with dual sinks and access to a balcony. Two additonal bedrooms provide flexbility for family, guests or a home office. Enjoy a covered patio, low maintenance desert landscaping and an attached 2-car garage. Conveniently located near shopping, dining and major roadways. Come see this property today.

1238 S Mansard Street, Mesa
$525,000
4 Beds ⋅ 2 Baths ⋅ 7085830 MLS ⋅ 1,710 SqFt.
Welcome to this remodeled 4-bedroom, 2-bathroom home with a pool in Northeast Mesa! Inside, vaulted ceilings and fresh interior paint create a bright, welcoming feel. Updates include new vinyl plank flooring and carpet, new light fixtures, and a remodeled kitchen with quartz countertops, stainless steel appliances, and an island with seating. The kitchen opens to the living area, making everyday living and entertaining easy. Both bathrooms feature quartz countertops, and the primary suite offers a dual-sink vanity, soaking tub, and separate shower. Step outside to a covered patio, grassy yard, and fenced swimming pool with a slide. Fresh exterior paint and a two-car garage complete the home. Convenient to nearby schools, dining, and entertainment. Come see it for yourself!

3462 N Ravine --, Mesa
$479,900
3 Beds ⋅ 2 Baths ⋅ 7085827 MLS ⋅ 1,626 SqFt.
Light and Bright Historic Chic Charm of a 1930's Spanish Revival on a lot across from the quiet section of Encanto Park next to Palmcroft in Fairview, you get two homes under one roof w/separate entrances and separate newer A/C's. Plus a 18x24 separate Carport structure with convenient alley access. Seller is 2nd owner of 25 years and hopes you'll be the third to invest in and enjoy this friendly neighborhood near Downtown Phoenix flanked between Palmcroft and the Arizona Fairgrounds.

1702 N 15th Avenue N, Phoenix
$998,000
2 Beds ⋅ 2 Baths ⋅ 7085825 MLS ⋅ 2,035 SqFt.
Completely updated Columbia Community townhome in the guard-gated DC Ranch Country Club neighborhood. This single-level residence blends modern finishes with an open, airy layout featuring a spacious great room, remodeled kitchen, refreshed baths, and stylish flooring throughout. The home offers two bedrooms plus a den and a split layout designed for privacy. The primary suite is generously sized, with an upgraded bath showcasing new surfaces, dual sinks, and a walk-in closet. Outdoor living includes a charming front courtyard and multiple patios, ideal for relaxing or entertaining, with a built-in BBQ and exterior fireplace. Residents enjoy a private neighborhood pool and fitness room, along with DC Ranch's signature amenities: community centers, heated pool, workout room ... Pickle ball, tennis and basketball court as well as 16 miles of path and trail.

9270 E Thompson Peak Parkway Unit 359, Scottsdale
$324,000
3 Beds ⋅ 2 Baths ⋅ 7085820 MLS ⋅ 1,128 SqFt.
A charming 3 bed, 2 bath residence in Glendale is now for sale! Featuring a sizeable front yard and back alley carport parking, it's sure to be the one you've been looking for! Inside you will find spacious dining & living areas w/durable tile flooring and neutral palette throughout, perfect for entertaining. The kitchen comes equipped w/ample cabinetry, quartz counters, and all the built-in appliances you'll need for home cooking. Enjoy a good night's sleep in the primary suite, boasting new soft carpet a private bath for added convenience. New dual pane windows 2021 & house stucco 2021. Lastly, the large backyard w/its covered patio, is a blank canvas just waiting to become your own private oasis! Don't miss out!

14834 N 54th Avenue, Glendale
$269,000
2 Beds ⋅ 3 Baths ⋅ 7085819 MLS ⋅ 1,109 SqFt.
Beautifully gated community and new updated 2-bedroom, 2.5-bath townhome. Conveniently located near shopping, dining, and major roadways. Featuring two spacious bedrooms, each room with its own private bathroom. The home offers fresh interior paint, new luxurious wood-style flooring throughout the second floor. A designed modern open kitchen with new custom-style cabinetry and quartzes countertop with huge kitchen island. This home combines comfort with contemporary updates in a desirable setting. Bright! stylish! and move-in ready!

455 S Mesa Drive Unit 132, Mesa
$550,000
2 Beds ⋅ 1 Baths ⋅ 7085816 MLS ⋅ 1,266 SqFt.
One of Central Phoenix most desired Neighborhoods, ideally positioned between Central and Melrose district. This home has been meticulously maintained and updated. New Kitchen with stainless steel appliances and granite countertops, and opens to a perfect size dining room with stained glass lighting. Family room has rounded ceilings with a cozy fireplace, surrounded by windows that bring the outdoors in. Large covered Patio that overlooks mature landscaping with Fruit trees, on a oversized irrigated corner lot. Detached Garage with a Workshop, possibilities are endless with this additional space. Close to Uptown Plaza, Urban Canal Path and walking distance to the Light Rail and nearby eateries, you can't beat this Amazing Location near Central and Camelback. Welcome Home!

302 W Roma Avenue, Phoenix
$1,700,000
3 Beds ⋅ 4 Baths ⋅ 7085812 MLS ⋅ 3,013 SqFt.
Exceptional desert living on nearly two private acres with breathtaking south-facing views of the Sonoran Desert, mountains, spectacular sunsets and sparkling city lights. Fully remodeled in 2022, this distinctive 3-bedroom, 3.5-bath residence with an attached office off the primary suite and a 3-car garage beautifully blends timeless Southwestern character with sophisticated contemporary finishes. From the moment you enter through the striking carved wood doors, the home makes an impression. The expansive great room is defined by dramatic wood-beamed ceilings, a fireplace, beautiful 16'' x 32'' tile flooring throughout and walls of glass that frame the surrounding desert while creating a seamless connection to the outdoor living spaces. Light-filled interiors, generous room proportions an thoughtfully selected finishes give the home a warm yet refined atmosphere. The beautifully remodeled kitchen is designed for both entertaining and everyday living, featuring an oversized center island, abundant cabinetry, striking stone countertops, stainless steel appliances and exceptional views from the kitchen windows. The adjacent dining and living areas flow together effortlessly, creating an inviting gathering space while maintaining the home's open, airy feel. The spacious primary suite is a private retreat with direct access to the outdoors and a dedicated office conveniently attached to the bedroom--ideal for working from home, a private sitting room or additional flex space. Distinctive architectural elements add character, while the luxurious primary bath features dual vanities, an oversized walk-in shower and a substantial walk-in closet. Two additional bedrooms and beautifully remodeled baths provide comfortable accommodations for family and guests. The outdoor living spaces are truly spectacular. An expansive covered patio with exposed wood beams opens to a resort-style pool and spa, multiple seating and entertaining areas, and a separate fire pit terrace perfectly positioned to enjoy unforgettable Arizona sunsets. Mature desert landscaping complements the natural surroundings while preserving the property's exceptional sense of privacy and openness. The home's original owner traveled extensively throughout Asia and other parts of the world, collecting distinctive furnishings and architectural pieces along the way. During the 2022 remodel, many of these unique elements were thoughtfully incorporated into the residence, giving the home a character and sense of history rarely found in a newly remodeled property. With nearly two acres, the property also offers ample space and potential for the addition of a detached guest house or casita, creating an opportunity for additional guest accommodations, a private studio or expanded living space. Private, beautifully remodeled and surrounded by extraordinary desert scenery, 41801 N. Deer Trail Road offers the quintessential Arizona lifestyle--where expansive indoor-outdoor living, panoramic views, memorable sunsets and distinctive design come together in a truly one-of-a-kind setting.

41801 N Deer Trail Road, Cave Creek
$65,000
2 Beds ⋅ 2 Baths ⋅ 7085811 MLS ⋅ 1,440 SqFt.
Discover this adorable 2-bedroom manufactured home in the sought-after Friendly Village of Orangewood! Corner lot with plenty of additional parking. NEW ROOF. You'll first notice the cozy front porch, perfect for morning coffee and look onto the golf course. Convenient carport parking. Inside, you'll find bright and airy living areas with wood-look floors, tons of natural light, and a soothing palette that makes every space feel warm and welcoming. The well-appointed kitchen is ready for your home cooking, displaying ample cabinetry, spacious counters, and built-in essentials. Get a good night's sleep in the main retreat, offering a closet and a private bathroom. Inside laundry room for added convenience! The paver patio is perfect for relaxation. This home is a must-see!

2650 W Union Hills Drive Unit 800, Phoenix
$375,000
3 Beds ⋅ 2 Baths ⋅ 7085808 MLS ⋅ 1,541 SqFt.
Welcome to this beautifully updated home situated on a desirable San Tan Valley. Offering comfort, style, and peace of mind with numerous improvements already completed. Major updates include a wood flooring, granite counter tops, water heater, crown molding and interior paint. Step outside to a low-maintenance Arizona living and outdoor enjoyment. The location is equally appealing, with convenient access to San Tan Valley's growing selection of shopping, dining, entertainment, and everyday amenities. With its stylish updates and move-in-ready appeal, this home is ready for its next chapter. Come see all it has to offer!

1825 W Desert Hills Drive, San Tan Valley
$729,900
5 Beds ⋅ 3 Baths ⋅ 7085802 MLS ⋅ 3,084 SqFt.
This stunning 2-story pool home offers 5 bedrooms, 3 full baths, and a 3-car garage, showcasing elegant curb appeal with arched windows and a tile roof. Inside, soaring ceilings and rich wood flooring flow through the formal living room and into the family room, complete with a fireplace and French doors to the backyard. The kitchen features white cabinetry, double wall ovens, a cooktop island, and a bright breakfast area. A full bedroom and bath on the main level are ideal for guests. Upstairs, the primary suite boasts a walk-in closet and a spa-like bath with a soaking tub, glass shower, and dual sinks. Outside, the sparkling pool and covered patio create the perfect space for entertaining. Schedule your showing today!

1202 E Lighthouse Court, Gilbert
$485,000
4 Beds ⋅ 2 Baths ⋅ 7085801 MLS ⋅ 2,072 SqFt.
Fall in love with this charming home in the Central Park Community! Featuring 4 beds, 2 baths, 3-car garage w/built-in cabinets, low-care landscape, and an inviting front porch. Inside, you'll find high ceilings, abundant natural light, a designer palette, wood-look & tile floors t/out, and an open floor plan for a fresh, airy feel. A built-in media cabinet adds storage to the family room. The eat-in kitchen boasts recessed lighting, ample wood cabinetry & counter space, SS appliances, and a 2-tier peninsula w/breakfast bar. The perfectly sized main bedroom includes a private bath w/dual sinks, a separate tub & glass-enclosed shower, and a walk-in closet. Outside, an extended covered patio provides an inviting setting for relaxing and entertaining. Easy access to Loop 101. Move-in ready!

8567 W Brown Street, Peoria
$414,900
2 Beds ⋅ 2 Baths ⋅ 7085800 MLS ⋅ 1,980 SqFt.
Rare find in Province: a private pool, block back fence, and no neighbors behind. This 2 bed plus large den home is dialed in with plantation shutters, fresh interior paint, and new carpet. The open great room makes daily living easy and entertaining even easier. Slip out the primary bedroom door to the back patio and pool for morning coffee or an evening float. Up front, enjoy a private courtyard for extra space and curb appeal. The garage has an extended area plus cabinets for storage and hobbies. Province is living done right: world-class rec center, fitness facility, pools, pickleball, scenic trails, and 220+ clubs to keep your calendar as full as you want it.

20143 N Enchantment Pass, Maricopa
$955,000
5 Beds ⋅ 5 Baths ⋅ 7085797 MLS ⋅ 3,404 SqFt.
Spend mornings on South Mountain's trails, afternoons by your pool, and evenings taking in the desert views from a neighborhood tucked behind the gates. This beautiful South Mountain Preserve views set the scene for this home in gated Blossom Hills. Now offered below its appraised value, the home features a split floor plan that gives the bedrooms privacy and an open living area with room to gather. The kitchen has a large island and double ovens, while flexible spaces offer options for work, play, or guests. Outside, enjoy a private pool, play areas, and citrus trees. A three-car garage provides generous storage, and the north/south-facing lot is conveniently located near the I-10, US 60, shopping, dining, and schools.

2923 E Constance Way, Phoenix
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