Welcome home to one of Stansbury Park's most impressive properties, sitting on a beautifully landscaped half-acre lot with breathtaking mountain views in every direction. This 6-bedroom, 3.5-bath, 3,821 sq ft home offers the space, flexibility, and quality that buyers are searching for, and then some. From the moment you pull up, the curb appeal sets the tone. Mature pines, blooming rose bushes, stucco and stone exterior, and a wide concrete driveway with room for 11 vehicles plus a 3-car garage with attic storage above. This is the home that stands out on the street. Inside, gleaming hardwood floors carry you through an open and inviting main level. The great room anchors the space with a cozy fireplace that flows seamlessly into the kitchen, featuring rich Alder cabinetry, granite countertops, gas range, tile backsplash, and pendant lighting. The main floor primary suite offers a true retreat with a walk-in closet, dual sinks, jetted soaking tub, and separate shower. Main floor laundry, plantation shutters throughout, central vacuum, smart thermostats, and a security system round out the thoughtful details. Upstairs you will find three generously sized bedrooms with mountain views and a full bath. Every room finished, every detail considered. The fully finished walkout basement is where this home truly separates itself. A completely self-contained ADU with its own private exterior entrance, full kitchen, family room, two bedrooms, full bath, and dedicated laundry. Whether you are housing family or offsetting your mortgage, this space is currently valued at approximately $1,600/month in rental income. That is real money working for you every single month. Out back, the half-acre lot delivers. A large deck, extended patio with evening shade, gazebo with firepit, basketball court, and raised garden beds loaded with raspberries, strawberries, grapes, herbs, and artichokes, all on a full auto-sprinkler and drip system. RV parking is also available. No HOA. Fiber internet. Top-rated Tooele schools. Minutes to Stansbury Lake, trails, and an easy commute to Salt Lake. Homes with this lot size, this layout, and a fully legal income-producing ADU do not come along often. Please allow 24 hours advance notice when scheduling a showing.
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.
