590 S 1st Pl, Show Low, AZ 85901
3 beds · 2 baths · sqft
Don't miss this rare opportunity for affordable living in the beautiful White Mountains with this charming double-wide manufactured home! Nestled among towering pines, this property offers a detached garage, a low-maintenance yard, and a fully enclosed backyard perfect for gatherings or pets. Inside, the thoughtfully designed floor plan welcomes you with vaulted ceilings and recessed lighting throughout. The kitchen is a chef's delight, featuring a bar-style island, abundant cabinet storage, and a seamless flow to the dining area, which accommodates a 6-chair table. Step outside onto the covered back deck directly from the dining room—ideal for outdoor cooking or relaxation. The spacious master suite boasts a walk-in closet and an en-suite bath with dual vanities, a walk-in shower, a private commode, and additional storage. Two additional bedrooms and a guest bath provide plenty of space for family, friends, or a home office. Enjoy the convenience of a full-size laundry/mud room with backyard and garage access. This home has a solid concrete pad and block wall skirting and is centrally located, just minutes from dining, shopping, schools, and a hospital. Experience the best of the stunning Arizona White Mountains with nearby hiking and ATV trails, lakes, fishing, hunting, skiing, and the renowned Sunrise Resort.
Source: ARMLS #6793827
Interest rate and monthly payment estimated based on public records.
Source: ARMLS #6793827
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless closing.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #6793827
