Location! Location! Location! Historic Toquerville, Utah serves as the northern gateway to picturesque Zion National Park. Being 30 miles South of Cedar City and 20 miles North of St. George, you are surrounded by all modern amenities while living in a spectacular natural setting! Get out of the rat race and be a short drive from beautiful red rocks, amazing hiking, biking, canyoneering, backpacking, ATV riding, swimming and a multitude of outdoor activities! This newly renovated three-bedroom, two-bathroom, open concept rambler is nestled in the heart of Toquerville, Utah. If privacy appeals to you, you'll find it here! This home boasts a private, fully fenced corner lot surrounded by mature trees, featuring a covered patio making it great for entertaining! The gorgeous, large shade trees (including pecan, cherry, plum apricot and almond) attract many beautiful migratory birds and provide a perfect escape/retreat after a long day of work or adventure. Pride of ownership is evident with this home. Many recent renovations have been completed and there are too many to list. A few notable renovations include a brand-new ECO BEE HVAC system, new LVP and Tile flooring throughout, new paint and total bathroom renovations including the primary en suite with luxury shower and free-standing soak tub makes you feel like you're at a luxury spa! The HUGE detached garage is perfect for an auto body or wood-working shop and is large enough to store everything you need for recreation and outdoor adventures! The garage is equipped with 220 voltage outlets and two 10' garage bay doors. For convenience, the garage also features its own private bathroom, electrical panel and swamp cooler. The RV pad adds extra space for all your toys! SO many options with this garage! Dream Big! The smaller shed in the backyard is also equipped with its own water, drain, air-conditioning and electrical panel which makes it perfect for additional storage, living and/or project space. Hello man cave or she-shed!! Income producing potential exists with this home! Given its proximity to the National Park and all other recreational areas, short term, nightly rental options may exist. Airbnb requests must be approved by the city. Whether it's your dream property or an investment opportunity, you'll absolutely love this home and all it has to offer! Please note, square footage figures are provided as a courtesy estimate only and were obtained from past appraisal records. Buyer is advised to obtain an independent measurement. Buyer to verify ALL information.
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.
