Accepting offers until May 15th. Priced to sell. Why buy a townhome with no yard, less rooms, a tiny crowded parking space and a pricey $$$$ HOA when you can have a spacious home, NO HOA, a spacious fully fenced yard and extra, extra parking space? A great price! A great location! A MUST SEE!! Roof approximately 6 years new! Enjoy an open family room with natural light, SHIPLAP WALL panels, and DIMMABLE CEILING LIGHTS. GORGEOUS KITCHEN COUNTER TOPS with backsplash. LONG KITCHEN ISLAND with PENDANT LIGHTING. White cabinets. STAINLESS STEEL appliances WILL STAY. Plenty of space for a breakfast bar and dining. FRENCH DOORS at dining area open to a SPACIOUS DECK. NEW 2" FAUX WOOD BLINDS INSTALLED THROUGHOUT HOME in 2021. BASEMENT BATHROOM FULLY REMODELED in 2023. Fresh paint on ceilings, main living areas and kitchen. NEW AC and FURNACE in 2021. Washer and dryer can stay. SPACIOUS BACKYARD FULLY FENCED 2021 with mainly WHITE VINYL and NICE FUNCTIONAL GATE at driveway. PERGOLA, FIRE PIT, and raised GARDEN BOXES ready to be ENJOYED!! Large TREX DECK with LOVELY RAILING PROFESSIONALLY built in 2022 for enjoying outdoor time with mountain views. SHED is fully functional and ready for lots of storage. Plenty of parking and LONG RV PAD. Two blocks from Camelot Park. CLOSE TO HILL AFB, NORTH and SOUTH COMMUTES, NEARBY LAKES, HIKING TRAILS, SKI RESORTS, GOLF COURSES. 30 minutes to SL airport, and much more!! SCHEDULE YOUR TOUR AND SEND US YOUR OFFER TODAY!
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.
