Luxurious two-story home in a prestigious East Sandy neighborhood featuring an elegant exterior with a side-load garage, welcoming front porch, and exceptional curb appeal. Perfectly positioned near top-rated schools, parks, shopping, dining, world-class skiing, and outdoor recreation in Little Cottonwood Canyon. This home offers an unmatched lifestyle in one of the area's most desirable locations. Inside, a breathtaking two-story entryway greets you, showcasing a grand staircase with custom wood and iron railing. Just off the entry, the sophisticated living room is enhanced with a stylish dimensional accent wall, creating the perfect space for entertaining or relaxing. The inviting great room features a beautiful shiplap accent wall and a cozy gas fireplace, seamlessly connecting to the showstopping gourmet kitchen. Thoughtfully updated, the kitchen boasts new white cabinetry, quartz countertops, designer tile backsplash, pendant lighting, stainless steel appliances, double ovens, gas range with wood-clad hood, built-in refrigerator, spacious center island, pantry, and a convenient built-in water bottle filler. From the kitchen, step outside to the covered patio and the beautifully landscaped backyard. The main floor also includes a formal dining room, a private den ideal for a home office, and a half bath for guests. Recent upgrades include two new water heaters, luxury vinyl plank flooring, fresh paint, plantation shutters, and newer carpet. Upstairs, you will find four spacious bedrooms and two full bathrooms, including the luxurious primary suite complete with an organized walk-in closet and spa-inspired bathroom featuring a double vanity, a jetted soaking tub, and separate shower. The lower level offers an additional bedroom and a well-appointed three-quarter bathroom. There is also space to grow by adding bedrooms, a home gym, a theater, or a recreation room. Outside, the backyard is a private park-like retreat featuring lush lawn areas, mature landscaping, stone accents, manicured plants, a sprinkler system, privacy fencing, and RV parking. This exceptional property combines luxury, comfort, thoughtful upgrades, and an unbeatable location. Don't miss this rare opportunity to enjoy the very best of Utah living.
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.
