Make your move to Liberty Wells Place-truly one of the city's best-kept secrets. Nestled in a park-like setting, this highly sought-after neighborhood offers a serene, private street with just 13 homes, ensuring peace and privacy. Tucked away from the hustle and bustle, yet only minutes from downtown Salt Lake City, Liberty Park, the University of Utah, Sugar House, and the Salt Lake International Airport, it provides the perfect blend of tranquility and convenience. This stunning, completely re-built single-family home boasts a host of unique features and upgrades not found elsewhere in the area. As you approach, the charming exterior catches your eye with its round, two-story turret, beautifully finished with brick, stucco, and board and batten trim, alongside large windows that invite natural light into every corner. Inside, the thoughtfully designed floor plan spans across three spacious bedrooms, three bathrooms, and a variety of living spaces-each room offering comfort and character. The great room and cozy den provide perfect areas for relaxation, while the living room and semi-formal dining space are ideal for hosting guests. Additional versatile spaces, including a dedicated office/piano nook and a convenient laundry room, offer endless possibilities to suit your lifestyle. For extra storage or future expansion, the basement provides valuable space to grow into. Every detail has been meticulously chosen to enhance the home's elegance and functionality. The entire home features upgraded finishes, such as luxurious LVP flooring, tray ceilings, vaulted ceilings, round bay windows, crown molding, and vintage-inspired fixtures and hardware. Skylights and transom windows add warmth and brightness to the space, while brick accents create a timeless appeal. Solid wood doors, craftsman door casings, recessed lighting, and ceiling fans throughout the home ensure that no detail is overlooked. The gourmet kitchen is an absolute standout, designed for the home chef with a gas range, custom cabinetry, a large center island with a granite countertop, and a spacious pantry. From here, flow effortlessly into the great room, where a gas fireplace surrounded by an artisan wood hearth and mantel offers the perfect spot to unwind. The home's bathrooms are equally luxurious, featuring clean white solid surface bath surrounds, custom cabinetry, granite countertops, and high-end fixtures. Comfort is further enhanced by two furnaces, central air, and a natural gas generator, ensuring year-round comfort regardless of the season. The attached two-car carport offers convenient parking and doubles as a perfect outdoor entertaining space. Additional outdoor gear can be stored in the included storage sheds. The professionally landscaped grounds offer lush flower gardens, mature trees, and a courtyard area, all maintained by the HOA, so you can rest easy knowing landscape maintenance and snow removal are taken care of. Liberty Wells Place is the epitome of peaceful living in the heart of the city-offering a rare combination of privacy, luxury, and convenience. Don't miss your chance to make this exceptional home yours. The deck is in need of replacement. The seller is open to negotiating a credit or price adjustment with the buyer to address the repairs after closing. The seller will provide home warranty coverage with the purchase.
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.
