***Price Improvement! Plus seller is offering $5,000 towards closing costs! *** This is THE ONE you've been waiting for! Centrally located in Layton, you are minutes away from Dining, Shopping, Entertainment, Public Works, and 1-15 Freeway Access! This well-cared for townhome offers beautiful finishes, ample storage, and thoughtful spaces! Interior paint is neutral throughout, offering a clean and versatile backdrop for any dcor. Planation shutters installed at every window adding class and style and ultimate privacy as well. The kitchen offers generous countertops, a large eat-in bar, stainless steel appliances, and staggered hardwood cabinets that any home chef would be proud to create meals in. Are you hosting this year? Checkout the dining area that fits your full dining table so everyone can enjoy meals together! From the dining area, your large, light-loving sliding glass door accesses your backyard. The backyard is fully xeriscape, providing an attractive, low maintenance outdoor space ideal for easy living. Continuing from the dining area, you have a Living Room to enjoy movie nights or the Big Game! Onto the 2nd Level, you'll see the Generously-sized Primary Bedroom and en-Suite Bathroom with large walk-in closet! Enjoy taller vanity with Quartz countertop and large tub/shower with decorative tile surround. Down the hallway is our large laundry room, keeping all your laundry supplies organized with a built in shelf with plenty of room to tackle this week's wash! Across the hall is the large second full bath offering taller vanity with Quartz Countertop, hardwood cabinets and large tub/shower. At the end of the hall, you'll love two more large bedrooms! Each bedroom enjoys large windows to let in the sunshine, large walk-in closets, And plenty of space for your future needs! Enjoy a fully finished garage with new garage opener motor and trimmings (2025). Store your seasonal items in the garage racks installed! Got more stuff? Take advantage of the 43" tall crawl space! For your comfort, the HVAC system has been regularly maintained and a new water heater was installed September 2024. The only question remains...When would you like to move in?? Square footage figures are provided as a courtesy estimate only and were obtained from a previous appraisal. Buyer and Buyer's Agent is advised to obtain an independent measurement.
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.
