Don't miss this showstopper! Located on the east bench of Kaysville in a small, high-end 55+ community. It has everything you could possibly want for elegant living with no maintenance. Home has all the upgrades and features you'd expect of a model home: chef's kitchen with double ovens, 10' ceilings, upgraded cabinets throughout, hardwood herringbone floors, custom transom windows for plenty of natural light, high-end electrical and plumbing fixtures, electric vehicle charger in the 3-car garage, oodles of storage space... The list goes on and on. Enjoy one-level living with zero stairs into the home. As you enter the front door you find a front parlor room that can be used as a den/office--complete with a great view of the mountains out the window. Next, you'll find a flex room that can be used as an office or as a large pantry or storage/closet (currently has a daybed). The sparkling chef's kitchen, great room and dining area make up the heart of this immaculate home. A wrap around hallway behind the kitchen gives you access to the garage, laundry room, the guest bedroom, a closet, full bath and the master suite. Outside the back door, a covered patio opens onto a large hardscape backyard patio area that provides plenty of room for outdoor living, with valley views. Offthe kitchen and master suite, a wide staircase leads you up to a huge loft/bonus room for family and friend get-togethers. It also features a large third bedroom and third full bathroom with dual access doors from both the bedroom and the large bonus room. This designer home was built with amazing craftsmanship and meticulous attention to every detail. Wide hallways and doors throughout make for ease of access and mobility. Bank Buster Mortgage: get a below market interest rate and payment with the Bank Buster loan, exclusively available to buyers of this home through the preferred lender. Rate is a fixed-rate, 30-YR conventional loan as low as 5.5%. Compared to the 6.5% national average rate, you will save tens-of-thousands. Visit SaveRight.com and SaveRightMortgage.com for more details, or ask listing agent for more information.
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.
