Welcome home to this charming and well-maintained rambler in the heart of Roy. This move-in-ready property offers a bright interior, modern updates, and a fantastic location close to everything the area is known for, outdoor recreation, convenient commuting, and everyday amenities. Step inside to an inviting layout featuring an updated kitchen with freshly painted cabinetry, modern hardware, newer flooring, and a spacious dining area with large windows that bring in great natural light. The bathroom has been beautifully updated with a vanity, fixtures, tile surround, and clean, modern finishes. The bedrooms offer comfortable space and neutral colors to match any style. Outside, enjoy a fully landscaped yard, off-street parking, and plenty of room for an RV or trailer. Located just minutes from Hill Air Force Base, Roy Aquatic Center, Sand Ridge Park, Roy West Park, and the Midland Trail, a popular multi-use trail perfect for biking, running, and evening walks. Quick access to I-15, Riverdale Road shopping, restaurants, HAFB, and Roy FrontRunner Station makes commuting and daily errands incredibly convenient. With its combination of updates, location, and functionality, this Roy home is an excellent opportunity for anyone looking for a well-cared-for property near top regional amenities and outdoor recreation. Let's also note that the home has a 200-amp power service, and the garage is equipped with its own sub-panel for full, dedicated power. The RV outlet is currently a 30-amp plug, but the wiring and harness were installed to support a full 50-amp setup with the appropriate breaker and plug, making it easy to upgrade if needed.
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.
