Home will be featured on Sunday's December 14th Show of Real Estate Essentials on ABC 4 Utah. Welcome to 228 W 670 N - a beautifully updated Tooele home offering modern comfort, generous parking, and a highly convenient location. This 4-bed, 2-bath property features 1,848 sq ft of Rambler-style living space, a 2-car garage, and 4 additional parking spaces not including the garage, plus designated RV parking with space for up to six more vehicles. Bring the trailer, bring the toys - there's room for it all. Sellers are offering 3% concessions to buyers, which can be used toward an interest-rate buy-down or closing costs, helping lower monthly payments and reduce upfront expenses. Recent upgrades provide peace of mind and long-term value, including: New furnace & AC (2022) Brand-new upstairs bathtub + toilet 5-year-old stainless appliances included with sale Washer & Dryer included Water pressure valve replaced Updated flooring & vanities 5-year-old garage door Back deck refreshed & improved Storage shed included with the purchase Inside, the layout is warm, functional, and perfect for everyday living. The kitchen offers ample cabinetry, great natural light, and opens comfortably into the main living areas. Whether you're entertaining, relaxing, or growing into the home, this space supports it effortlessly. Convenience is a major highlight - close to shopping, recreation, everyday essentials, and highly anticipated development: 4 minutes to Walmart 7 minutes to Home Depot 7 minutes to the new Smith's 5 minutes to Macy's 2 minutes to All Star Bowling & Entertainment Tooele 3 minutes to the new Founder's Pointe Shopping Complex: Sierra, Hobby Lobby, Ross Dress for Less, Five Below, Ulta Beauty, TJ Maxx, Chipotle, Wingstop, Chili's, Bath & Body Works 35 minutes to Salt Lake International Airport 40 minutes to downtown SLC Homes with this level of updating, parking capacity, and location access are rare - come see why this one stands out. Home is priced to sell quickly. No showings on Friday and Saturday as the sellers will be moving to their new home. Buyer to verify all information.
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.
