Spacious and well-maintained 5BD/3.5BA home backing directly to the Woodland Park Preserve for added privacy and beautiful natural views. Thoughtful floor plan with main-level living including an oversized primary suite featuring a soaking tub, walk-in shower, double vanities, and large walk-in closet. Main floor also offers a guest bedroom, full bath, half bath, and a convenient washing station for muddy pets or boots. Kitchen includes stone countertops, butcher block island, gas range, double oven, and a functional layout open to the great room. Finished basement provides additional living space with a large family/game room, three bedrooms, and a full bathroom--ideal for guests, multigenerational living, or extended stays. Arizona room adds flexible space for entertaining or relaxing year-round. Property features a new roof, beautifully landscaped front and back yards with grass, rock accents, and mature tall pines. Fully fenced with a covered deck, gated covered porch, and additional patio seating areas to enjoy the peaceful setting backing the preserve. Backing directly to the Woodland Park Preserve, this property enjoys a rare and highly desirable setting surrounded by tall ponderosa pines and protected natural open space. The preserve offers miles of scenic trails, abundant wildlife, and easy access to beautiful Woodland Lake, where residents enjoy fishing, kayaking, birdwatching, and peaceful walks around the paved lakeside path. With no homes behind you and nature as your backyard, this location provides exceptional privacy while still being just minutes from the shops, dining, and conveniences of Lakeside. It's the perfect blend of mountain living and everyday accessibility. Pinetop Hills is a quiet, established residential community located in Pinetop-Lakeside in Arizona's White Mountains. Known for its tall ponderosa pines, gently sloping terrain, and larger mountain-style homes, the neighborhood offers a peaceful setting while remaining close to town amenities.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
