**** Open House Saturday, May 16, 2026, 11 am- 1 pm **** VA ASSUMPTION @ 3% - VA ELIGIBLE BORROWERS**** Welcome to this fabulous 2-story home in the highly sought-after Maple Hollow (Suncrest) community on the Utah County side of Draper, surrounded by breathtaking mountain and valley views and miles of scenic hiking and biking trails. Just minutes to shopping, Silicon Slopes, and Draper City if you choose. This fully finished, spacious home offers 4 spacious bedrooms and 3.5 bathrooms, thoughtfully designed features, soaring ceilings, and an open, inviting layout with multiple gathering spaces. Updates include beautiful, upgraded hard-surface flooring throughout the main and second levels, along with a high-end range, updated lighting, upgraded range hood, and refrigerator in the kitchen, creating a stylish and functional space for cooking and gathering. The spacious upstairs incorporates 3 spacious bedrooms as well as a large loft providing the perfect flex space for a second living area, office, or playroom. The fully finished basement expands the home's versatility with an additional family gathering area, flexible bonus space ideal for a home gym or media room, plus an additional bedroom and full bathroom perfect for guests or multigenerational living. The refrigerator, washer and dryer are included! Retreat to the grand primary suite featuring an ensuite bath and a generous walk-in closet. Pride of ownership is evident throughout the home, both inside and out. Step outside to a beautifully maintained backyard, ideal for relaxing evenings, entertaining, or enjoying the peaceful surroundings. Residents also enjoy incredible resort-like community amenities, including an expansive pool, fitness center, basketball courts, tennis courts and community parks. Don't miss this opportunity to own a stunning home in one of the area's most scenic and active neighborhoods! Schedule a private 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.
