Welcome to this beautifully appointed 5-bedroom, 3-bathroom home tucked away at the end of a quiet cul-de-sac with abundant guest parking - a rare and highly desireable feature, located in the sought-after Mapleton community with no HOA! This home features a large private lot and gated RV parking. Thoughtfully designed with both everyday living and entertaining in mind, this exceptional home offers a spacious and versatile floor plan with quality upgrades throughout, including recently renovated stairs and beautiful wide-plank luxury vinyl plank flooring throughout the entire upstairs. Step inside to a welcoming formal living and dining room, perfect for hosting holidays and special occasions. The open-concept family room seamlessly flows into the heart of the home where a beautifully upgraded custom kitchen featuring rich cabinetry with convenient pull-out shelves, elegant glass display cabinets, a built-in wine rack, granite countertops with a full granite backsplash, stainless steel appliances, a large center island with seating, additional bar-top seating overlooking the family room, and a convenient butlers pantry, making entertaining effortless. The oversized laundry room offers a deep utility sink along with abundant cabinetry for exceptional storage and organization. A downstairs bedroom and full bathroom provide the perfect accommodations for overnight guests, multigenerational living, or a private home office. Upstairs, youll find a spacious loft, ideal for movie nights, a game room, home office, or an additional family room. Three generously sized secondary bedrooms feature mirrored closet doors and share a well-appointed upstairs bathroom. Privately situated on its own wing of the home, the expansive primary suite offers a peaceful retreat complete with a spacious ensuite bathroom featuring dual vanities, a soaking tub, separate shower, and an oversized walk-in closet. Situated on a large, private lot, the backyard provides a peaceful setting with plenty of room to entertain, relax, or create your own outdoor oasis. Additional highlights include gated RV parking, a split 3-car garage with brand-new garage doors, ample parking, Nest smart thermostats, Ring security cameras, and attractive curb appeal. Ideally located within walking distance to parks and schools, this exceptional Mapleton home offers the perfect combination of space, privacy, comfort, and convenience.
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.
