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Assumable Homes for Sale in Centerville, Utah
Centerville sits right in the middle of Davis County, with quick I-15 access north to Layton and south to downtown Salt Lake in about 20 minutes. The town picked up a steady wave of younger families and first-time buyers between 2020 and 2022, which is exactly why assumable loans are worth a hard look here. Plenty of those purchases were financed with FHA or VA loans carrying rates in the high 2s to low 4s — loans that a qualified buyer can take over today and keep at the original rate. In a market where new financing is running well above 6%, assuming an existing loan on a Centerville home can mean a payment that's $600 to $1,200 lower per month on the same property.
The trade-off is cash. You're stepping into the seller's remaining balance, so the difference between that balance and the agreed sale price has to come from somewhere — savings, a HELOC, or a second mortgage behind the assumed loan. Davis County servicers also tend to move slowly on assumption paperwork, with 60-day timelines being normal. That said, for buyers planning to stay in homes near Founders Point, the Parrish Lane corridor, or the foothills east of Main for five-plus years, the long-term interest savings usually justify the slower close and the cash gap. Browse the active assumable listings below to see what's currently on the market in Centerville, and reach out if you want help running the numbers on a specific property.
June 2026 · Centerville market
Live from the Utah MLS — what's actually happening in Centerville right now.
Median sale
$550,500
8 closed in June 2026
Median DOM
4 days
listing → contract
Sale-to-list
97.1%
of final list price
Unsold inventory
65
active + pending
2 matching · page 1 of 1
Active listings
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Common questions
About assumable homes in Centerville.
What is an assumable mortgage? ▾
An assumable mortgage lets a qualified buyer take over the seller's existing loan at the original interest rate and remaining balance, rather than originating a new loan at today's rates. FHA, VA, and USDA loans are generally assumable; most conventional loans are not. For Centerville buyers, this can mean inheriting a rate in the 2-4% range on loans originated between 2019 and 2022.
How common are assumable listings in Centerville? ▾
Centerville is a small market — roughly 6,800 households — so assumable inventory tends to be thin, often just a handful of homes at any given time. Most assumables here are FHA-financed homes in the $450K-$650K range, which fits well with the city's mix of starter and move-up properties west of US-89.
Do I need to qualify for the seller's loan? ▾
Yes. The lender will underwrite you on credit, income, and debt-to-income just like a new loan, but the rate and remaining term stay put. FHA assumptions typically take 45-90 days to process, which is longer than a standard Davis County closing, so plan your timeline accordingly.
How do I cover the gap between the loan balance and the purchase price? ▾
If a Centerville home is listed at $600K and the assumable balance is $380K, you need $220K in cash or a second loan to bridge the difference. Some buyers use a HELOC or a second mortgage, though second-lien financing on an assumed FHA loan can be tricky. Talk to a lender who has actually closed assumptions in Utah.
Are VA assumptions open to non-veterans in Centerville? ▾
Yes — VA loans can be assumed by non-veterans, but the seller's VA entitlement stays tied up until the loan is paid off unless the buyer is also a veteran who substitutes their own entitlement. That's a meaningful issue for sellers who want to buy again using VA, so expect some negotiation on price or terms.
What should I look at beyond the rate when comparing assumable homes? ▾
Check the remaining term (a 26-year balance behaves very differently than a 12-year balance), the loan type, any required MIP or funding fees, and whether the home has been well maintained — Centerville's older east-bench homes near Parrish Lane sometimes need roof or HVAC work that can eat into your rate savings.