Tucked away in the peaceful mountain community of Sky Hi, this stunning double-lot property spans 0.65 acres and offers a true sense of serenity among tall pines and scenic surroundings. Backing to a natural wash with National Forest just across the road, the setting provides added privacy with no homes directly behind. A charming front porch invites you into a light-filled great room featuring rich Brazilian wood flooring, abundant natural light, and a cozy pellet stove. The open-concept design flows effortlessly into the kitchen and dining area, creating an ideal space for both everyday living and entertaining. The kitchen showcases custom cabinetry, stainless steel appliances, ample lighting, and a spacious peninsula perfect for seating. Large dining area windows capture peaceful backyard views and bring the beauty of the outdoors inside. The primary suite offers plenty of space, complete with a double vanity, and walk-in closet. The guest bedroom is also generously sized. Just off the main living area, an additional flex space provides options for a second living area, game room, craft room, or playroom. The third bedroom is located off this space, making it ideal for a home office or private guest room. Outdoor living is a standout feature with large covered Trex decks in both the front and back, plus additional open space to enjoy the fresh mountain air. The fenced backyard offers room to relax, entertain, or gather around a fire pit, and a ramp provides easy access. The property is well-equipped with an extended two-car garage with space for a workbench and extra cabinetry, a large carport, two utility sheds, an RV gate, and a long driveway with plenty of room for RVs, trailers, or recreational vehicles. There is also ample parking on both sides of the home. Sky Hi is surrounded by National Forest with access to trails for hiking, biking, and ATV riding, along with a nearby outdoor shooting range. You get the benefit of being close to town while still enjoying a true mountain setting. This is a rare opportunity to own a spacious property with privacy, usable land, and room for all your mountain lifestyle needs. *** Discover the White Mountains of Arizona--where adventure, beauty, and fresh mountain air come together. Enjoy four stunning seasons, 40 lakes, and 600+ miles of rivers and streams, perfect for fishing, kayaking, and exploring. Hit the trails on one of the largest trail systems in the Southwest, or spend winter days at Sunrise Ski Resort, just 40 minutes away with three mountains of skiing, snowboarding, and sledding. Love shopping or culture; wander through antique shops, summer arts & craft fairs, and lively music festivals. Golfers can tee off at seven scenic courses, including three public gems. It's no wonder Pinetop-Lakeside was voted the "Best Cabin Region in the U.S." The White Mountains--Arizona's best-kept secret. Come explore and embrace the MAGIC!
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.
