Built in 2022 on a premium 0.5-acre lot, this 4,790 sq. ft. residence offers an all-inclusive living experience. From the professionally finished Basement to the mature, productive landscape, every detail of this 4-bedroom, 4.5-bathroom home has been completed for immediate enjoyment. The "Move-In Ready" Advantage This property stands out for its comprehensive level of finish, featuring several high-value assets that are typically added after a move: Fully Finished Lower Level: The expansive basement is finished and includes a large family room, providing immediate square footage for a home theater, gym, or additional guest quarters. Pre-Installed Interior Comforts: Custom window blinds are already installed throughout the home, and a professional radon mitigation system is fully operational. Professional Culinary Kitchen: Designed for high-capacity entertaining with double ovens, an open-concept layout, and an included stainless steel refrigerator. Established Productive Landscape & Utility The outdoor space is meticulously developed for both utility and recreation, offering established features that take years to grow: Productive Fruit Trees: The yard features a variety of mature trees including 3 Cherry, 2 Nectaplum, 2 Peach, and 1 Almond tree. Secondary Water Assets: Includes 1 irrigation share, a critical asset in the Tooele Valley for sustainable, low-cost maintenance of the half-acre lot. Outdoor Infrastructure: Features raised garden beds and an expansive graveled parking area-ideally suited for large RVs, boat storage, or a future detached workshop. Recreation Ready: The backyard is a dedicated space for yard games, BBQs, and gathering, set against the backdrop of Utah's scenic mountain ranges. Grantsville Community & Lifestyle Data Education Hub: Phenomenal proximity to local schools-approximately 0.3 miles from Twenty Wells Elementary and a short drive to Grantsville High School. Premier Recreation: Minutes from Grantsville Reservoir for fishing and boating, and the Clark Historic Farm, which hosts the community's heritage events and seasonal festivals. Safety & Stability: Grantsville is recognized for its quiet neighborhoods and low crime rates, consistently ranking as one of the most family-friendly cities in Tooele County. Commuter Access: Offers a peaceful, rural feel with an easy 35-minute commute to Salt Lake International Airport and the Downtown Salt Lake City business district.
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.
