507 N Skylane Rd Pinetop, AZ 85935
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About this home
This property offers expansive acreage with breathtaking views of trees and mountains on 0.65 acres in Pinetop. The front and back yard areas provide a peaceful retreat, with nothing obstructing the scenery behind the home. A welcoming front porch leads into an open great room with seamless Brazilian wood flooring, abundant natural light, and a cozy woodstove, creating a comfortable and inviting space for guests. The kitchen is thoughtfully designed with custom cabinetry, a spacious peninsula for seating, stone countertops, and S/S appliances, all complemented by ample lighting. The dining area features large windows that frame the picturesque backyard view. The ensuite includes a double vanity, walk-in closet, and a sitting area for added comfort. Outdoor living is where this property truly shines. A large covered deck with additional uncovered space provides the perfect setting for enjoying the fresh mountain air. A well-maintained yard offers ample space for relaxation and entertaining, whether it's hosting gatherings, setting up a fire pit for cozy evenings, or simply taking in the serene surroundings. A convenient ramp leads to the backyard, adding accessibility to the space. The property also features a storage building for added functionality and a spacious garage with a workshop area and extra cabinet space. A carport provides additional parking options, and the long driveway accommodates an RV or recreational vehicles, ensuring there is room for all the necessities of outdoor adventure. Imagine living in the White Mountains of Arizona where you have 4 beautiful seasons and where you can breathe in the fresh mountain air and enjoy the 40 lakes and over 600 miles of rivers and streams. In addition to the amazing fishing, this area has one of the most extensive trail systems in the southwest for hiking, biking, horseback riding, quadding and more. Sunrise Ski Resort is also just 40 minutes away with 3 beautiful mountains to ski, snow board or sled. If shopping is your interest, you will love the antique stores and the multitude of arts and craft shows that happen in the summer. The music festivals have something to fit everyone's enjoyment. Do you love to golf? There are 7 amazing golf courses, 3 that are public. The White Mountains, where this home/cabin is the best kept secret of Arizona! Come and explore and enhance your living! Pinetop-Lakeside was also voted 'Best Cabin Region in the U.S"... Embrace the MAGIC!
Source: ARMLS #6883540
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FAQs
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.
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