Historic charm, thoughtful updates, and one of the city's most versatile detached studio spaces come together in this beautifully maintained bungalow in the heart of Salt Lake City. Set on a quiet, tree-lined street just minutes from Liberty Park, 9th & 9th, Central 9th, Ballpark, and some of the city's most beloved restaurants, cafs, breweries, and shops, this home offers exceptional walkability and an effortless urban lifestyle without sacrificing warmth or privacy. Inside, original wood floors, vintage built-ins with glass doors, and a professionally converted natural gas fireplace preserve the home's historic character while adding everyday comfort and ease. The open living and dining spaces feel both inviting and functional, with a generous foyer rarely found in homes of this era. The kitchen blends old and new with a six-burner Viking range, butcher block and granite countertops, original glass-front cabinetry, and a striking island topped with green-veined marble and crafted from an authentic Scandinavian farm table. The spacious primary bedroom opens directly onto a covered back deck through stained glass French doors, creating an easy indoor-outdoor flow. Downstairs, two additional bedrooms are accompanied by a generous laundry and storage area, with eco-friendly wool carpeting bringing warmth and softness to the lower level. Multiple outdoor living areas, including a covered back deck, courtyard firepit area, new hot tub, mature peach and plum trees, and a natural gas grill connection, create a private, retreat-like atmosphere ideal for entertaining or quiet evenings at home. Stay with me, because there's more! A standout feature of the property is the detached studio with cedar ceilings and skylights, offering incredible flexibility as an art or music studio, home office, fitness space, workshop, or creative retreat. The garage has also been thoughtfully arranged to function as either storage/workspace or vehicle parking. Major system updates include all new plumbing within the last five years, tankless water heater, updated HVAC, and newer roof. Full radon mitigation system has already been installed, along with a whole house water filtration system. For qualified buyers, the home also offers the rare opportunity to assume an existing VA loan with an interest rate below 3%. Check out the virtural tour, and then schedule a showing 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.
