Most homes have a thing. A layout that almost works. A yard that needs more weekends than you have. A garage that fits two cars if you don't open the doors all the way. You know the thing. Springtime Road doesn't have a thing. From the moment you pull up, Lone Peak is right there out front, doing its thing. And that front lawn - you'll probably assume it's turf. It's that green. It's not. It's just that well-kept. Out back, turf keeps things tidy and green year-round without the water bill or the weekend obligation. Step inside and the living room opens up to ceilings pushing past 20 feet, flooding the main floor with light and giving the whole space a scale you feel before you can name it. The kitchen and dining room flow naturally off it, the kind of setup where Saturday morning breakfast bleeds into a long conversation without anyone noticing. A dedicated office sits on the main floor for the days you need a door between you and everything else, though it flexes easily if your life calls for something different. Upstairs, all four bedrooms share the same level. The primary suite has the space and separation you want, and the guest bathroom and laundry are right where they should be. No hauling baskets up and down stairs, no hunting for a linen closet three rooms away. Everything landed on the right floor. Downstairs, a fully finished basement with a fifth bedroom, full bathroom, and enough space for game nights, movie nights, or guests who stay a little longer than planned. Oversized garage with extra parking on the side, and no HOA means the boat, the camper, the trailer is welcome here. And here's the detail the listing photos won't tell you: Peak View Trailhead is minutes away, and the Two Hollows Trail is one of those local favorites that somehow stays off the radar. Regulars know it. You'll know it. The kind of trail you feel a little smug about on the way back to your car. Most homes have a thing. This one just makes sense. 2.5% VA Assumption may be available. Ask agent for details.
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.
