Perched on a hillside in one of the valley's most desirable locations, this beautiful rambler-style home offers breathtaking views, privacy, and direct access to outdoor recreation. Sitting on the canyon connecting Herriman and Tooele with no future development obstructing your views. Enjoy hiking, mountain biking, and dirt biking right from your driveway in this peaceful and scenic setting. Designed with both comfort and functionality in mind, this home features an exceptional floor plan with plenty of room to grow. The gourmet kitchen is a standout, showcasing upgraded slow-close cabinetry, premium appliances, a 5-burner cooktop, two pantries, abundant storage, and a massive 8' x 5' island with additional storage underneath-perfect for entertaining and everyday living. The spacious primary suite offers a luxurious retreat with dual walk-in closets, extensive built-in cabinetry, and a spa-like ensuite bathroom featuring a freestanding soaking tub. Additional conveniences include a mudroom with a coat closet, a laundry room with a utility sink, and a high-end remote-controlled fireplace. Car enthusiasts and outdoor adventurers will appreciate the oversized tandem garage with room for up to five vehicles, along with a dedicated RV pad for extra parking and storage. The large lot provides ample space for recreational vehicles, trailers, and outdoor equipment. Step outside to a covered patio and take in the stunning mountain and valley views. The backyard has been leveled with topsoil and is ready for sod or seed. Located near a golf course where neighbors often cruise the community in golf carts, this home offers a unique lifestyle that blends recreation, convenience, and tranquility. The unfinished basement features a separate exterior entrance with stairwell access and offers incredible potential for future expansion, including space for up to three additional bedrooms, a family room, or whatever best fits your needs. This is a rare opportunity to own a thoughtfully upgraded home in an unbeatable location with endless possibilities for customization and growth.
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.
