Welcome home to this truly exceptional East Bench Pleasant Grove property, where breathtaking mountain, valley, and lake views steal the show. Take it all in from the expansive multi-level decks, covered patio, and large front porch-perfect for entertaining, relaxing, and enjoying Utah's four seasons. This fully updated home has been meticulously cared for, including annual HVAC maintenance, and it shows at every turn. Inside you'll find a stunning great room with a gas fireplace, gorgeous bamboo flooring, plantation shutters, and an abundance of natural light. The updated kitchen offers ample cabinets and counter space, along with both formal and semi-formal dining areas-ideal for everyday living and special gatherings alike. A formal living room and a main-floor office or bedroom provide flexible space to fit your needs. Upstairs, retreat to the spacious primary suite featuring a jetted tub, separate shower, walk-in closet, private commode room, dual sinks, and a vanity area. Three additional upstairs bedrooms with lots of closet space and a full bathroom. The fully finished walk-out basement is plumbed for a second kitchen, offering excellent potential for an apartment or multi-generational living. You'll also appreciate the huge cold storage room with built-in shelving, the tankless water heater, and paid-for solar panels that keep utilities remarkably affordable. Outside, enjoy a fully fenced backyard with an in-ground trampoline, storage shed, and plenty of space to play. The home also features main-floor laundry with access to a 3-car garage with overhead storage, RV parking, and amazing neighbors. With easy access to the Murdock Trail system and the canyon, this location truly can't be beat. With 7 bedrooms plus an office and a long list of thoughtful upgrades, this is a home you'll fall in love with. Reach out for the full features list or see the attached document. Join us for the Grand Opening Open House on Saturday, January 24 from 10:00 AM to 1:00 PM.
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.
