Located in the quiet mountain community of Central, Utah, this well-maintained and thoughtfully updated property offers comfort, usability, and extra space in one of Southern Utah's most desirable rural settings. Situated on a rare double lot totaling .68 acres, this property provides room for additional parking, trailers, recreational vehicles, outdoor storage, or future possibilities while still maintaining a clean and functional layout. The 3-bedroom, 2-bath home features approximately 1,344 sq ft and has seen extensive updates throughout. Recent improvements include a remodeled kitchen, updated secondary bathroom, new flooring, and exterior repaint completed in 2025. The home has been cared for exceptionally well and is move-in ready. Additional upgrades include a brand-new metal roof with snow stops, reverse osmosis water system, grading and landscaping improvements to the additional lot, and multiple exterior storage structures including sheds and covered storage areas that add excellent functionality for tools, toys, equipment, or seasonal storage. Furniture may be purchased separately. Located on a paved road with year-round access, the property offers the ideal balance of peaceful mountain living and convenience. Central is known for its mild four-season climate at approximately 5,280 feet in elevation, providing cooler temperatures than nearby desert communities while still being only about 30 minutes from St. George shopping, restaurants, medical facilities, and services. Outdoor enthusiasts will appreciate the close proximity to expansive public lands, trails, ATV access, hiking, hunting, and endless recreation opportunities right nearby. Whether you are looking for a full-time residence, mountain getaway, or investment property with room to spread out, this updated home and oversized lot offer a rare opportunity in a growing Southern Utah community.
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.
