7130 White Gate Way, Show Low, AZ 85901
5 beds · 3 baths · 1,889 sqft
Get a free consultation call with an expert in the mortgage assumption process.
**Incredible Opportunity Just Outside Show Low!** Unveil your dream retreat in this spacious five-bedroom, three-bath home, offering just under 1,900 sq. ft. of potential nestled on over an acre of land. This property boasts an exceptional location, perfectly balancing privacy with accessibility.Though the home requires some updating and repairs, its price reflects this, presenting a remarkable investment opportunity for those eager to craft their own sanctuary. The generous layout provides ample living space, ideal for families or anyone who enjoys entertaining. Take advantage of convenient RV parking, a fully fenced yard, and a distinctive Quonset hut equipped with electricityperfect for additional storage or a creative workspace. With space for over three vehicles, parking will never be a concern! Don't miss your chance to transform this property into a breathtaking haven in a sought-after location. Come check this property out and envision the endless possibilities!
Source: ARMLS #6815260
Source: ARMLS #6815260
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.