Homes like this rarely come up on Layton's upper bench. Backing directly to Adams Canyon, this extensively renovated home offers unobstructed views, exceptional privacy, and a setting that is difficult to replicate, with no rear neighbors and direct access to the Wasatch Mountains. With approximately $450,000 in upgrades, the home has been updated throughout while maintaining the space and presence of an established property. From the new stucco exterior and front door to updated flooring, molding, and finishes, nearly every major surface has been improved. Natural light pours in through oversized windows, complemented by soaring ceiling heights and a layout that feels open and comfortable. The kitchen features high-end appliances, a generous workspace, and seamless flow into the surrounding living areas. The main level includes a spacious primary suite along with an additional ensuite bedroom that works well for guests or a home office, offering flexibility that is hard to find. The outdoor setting is what truly separates this property. The yard offers a rare combination of usability and privacy for the upper bench, with a park like feel and space to relax or entertain. A newly built deck extends the living space and captures views of Antelope Island and the Great Salt Lake, while sitting at the base of the mountains. Direct access to hiking and mountain biking trails, including the Bonneville Shoreline Trail and the full canyon trail network, places one of the area's most well known waterfall hikes within easy reach from your back door. A large storage area beneath the garage provides space for tools, gear, and recreational equipment without giving up garage functionality. Convenient access to nearby amenities, commuter routes, and a community pool round out the setting. All property information, boundaries, and documents to be verified by the buyer.
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.
