Charming Taylorsville Home with plenty of Space inside and out. The roof was replaced just 7 years ago, and the home features plantation shutters upstairs and blinds downstairs for a clean, cohesive look. The kitchen opens to a deck through a sliding door equipped with a medium pet door. Enjoy a cozy gas fireplace with a remote upstairs, while the downstairs fireplace is ready for gas or electric installation. The two-car garage has a newer Bluetooth-enabled door and opener, replaced just 3 years ago. Outside, you'll find an 8'x16' shed with built-in shelves, ideal for tools, lawn equipment, or extra storage. The spacious backyard is perfect for entertaining, gardening, or simply relaxing. This home's location is truly unbeatable, just minutes from I-215 (north and south) and only 10 minutes to I-15. You'll find Harmons, Walmart, Regal Cinemas, restaurants, churches, and shopping centers just around the corner. Salt Lake Community College is 15 minutes away, and nearby are Taylorsville City Hall, the Taylorsville Art Center, and an InstaCare all within a few blocks. It's also just 5 minutes to the Taylorsville Rec Center and library, and about 10 minutes east to Intermountain HealthCare and Costco. Taylorsville High School is within walking distance, with school bus service available for Vista Elementary and Eisenhower Jr. High. Google Fiber is already installed, and the quiet neighborhood is known for friendly neighbors and evening dog walkers. This home perfectly blends comfort, functionality, and location, everything you need for easy living in the heart of Taylorsville.
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.
