Tucked into a quiet cul-de-sac in the tall pines of Pinetop, this 4-bedroom, 3-bathroom home offers the space, setting, and functionality so many buyers are searching for--with the rare bonus of a 3-car garage. From the moment you arrive, the setting feels established and peaceful, surrounded by mature trees and a generously sized lot that provides both privacy and usable outdoor space. Inside, the home opens to warm wood flooring, vaulted tongue & groove ceilings, and a comfortable, open layout designed for both everyday living and gathering. The kitchen features solid wood cabinetry, granite counter tops, and a functional island that connects seamlessly to the dining area and great room, anchored by the beautiful stone fireplace. Natural light fills the space, while multiple access points lead you outdoors. The primary suite offers a spacious retreat with a well-appointed bathroom including dual vanities, a soaking tub, and separate shower. Additional bedrooms are well-sized, providing flexibility for guests or family. The designated office is perfect for those who work from home or can even be utilized as a 4th main level bedroom. Upstairs you will find space with endless possibilities. A mother in-law suite, kids play room or hobby room or 4th bedroom with en suite bathroom. Step outside to one of the home's standout features, a thoughtfully designed backyard complete with built in fire pit area and a custom water feature, creating a private setting to relax or entertain under the pines. The covered deck extends your living space even further, offering a comfortable place to enjoy all four seasons. Located in a desirable Pinetop neighborhood near lakes and parks, this home offers the balance of quiet mountain living with convenience to town. This home is an attractive option for full-time living or a mountain retreat, with space, character, and outdoor features that are hard to find at this price point.
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.
