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$349,500

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.

Estimated
Seller's interest rate
2.8%
7%
Estimated
Principal & interest
$1,004/mo.
$1,546
You may also save up to $168,140 in total interest paid.
Listing price
$349,500

Your cash down payment
$128,005
Seller’s estimated current equity is $128,005
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with a 2nd mortgage.
Estimated $1,004 monthly payment

Financed
$221,494
Assumed mortgage 2.8% • Seller's rate
$221,494
2nd mortgage 9.25% • No prepay penalty
$0

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

Roam Protection Plan 2
Roam transactions typically close in the same amount of time as a standard home purchase. To give sellers added peace of mind, if it takes longer than 45 days, we will pay the seller's mortgage until we close.
Location
Details
Home
Lot size
0.18 acres
Year built
2007
Type
Mobile Home
HOA dues
$0.00

Source: ARMLS #6793827

Loan
Remaining term
25 years, 10 months
Rate
2.8%
Monthly P&I
$1,004
Remaining loan balance
$221,494

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

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.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless closing.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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?

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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?

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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?

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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?

expand content

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.

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Last updated: Feb 09, 2025 12:03 pm
Listing agent: Bill Miketta (928) 358-9302
Listing provided courtesy of: West USA Realty (602) 942-4200
Details provided by ARMLS and may not match the public record.
MLS ID: #6793827
Copyright © 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,004/mo
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