Back on the market and ready to sell! The seller welcomes strong, reasonable offers. Charming 4 Bedroom Home in a Peaceful Suburban Chesterfield Neighborhood Welcome to your dream home Built in 2019, this stunning two-story traditional residence offers a spacious, inviting layout with nearly 2,500 square feet of beautifully designed living space. With four generously sized bedrooms and 2.5 bathrooms, this Home provides the perfect setting for comfort and everyday convenience. The open-concept family room flows seamlessly into the kitchen and dining area, creating an ideal space for entertaining and family gatherings. A versatile flex room off the foyer adds even more potential, perfect as a playroom, additional living area, or your own private library/office. The gourmet kitchen is a chef’s delight, featuring a massive center island with a breakfast bar, a gas range with an overhead microwave, an oversized pantry, and stylish recessed and chandelier lighting. Sliding glass doors lead to a charming covered back porch, offering a peaceful retreat for outdoor relaxation. The owner’s suite is designed for comfort and luxury, complete with an extended, newly remodeled California closet and an en suite bathroom featuring tile flooring, a double vanity, and a beautifully tiled shower. Three additional bedrooms offer generous space, cozy carpeting, and ample closet storage, perfect for families or guests. This Home is filled with so many upgrades, including premium engineered hardwood flooring on the main level, a 2-car garage, a double-wide paved driveway, front- and side-irrigation systems, walk-up attic storage, a large crawl space, and leaf gutter guards. Its prime location, just one mile from Route 288, puts you close to excellent schools, shopping, dining, and everyday conveniences. Don’t let this incredible opportunity slip away! Schedule a viewing today and discover why this charming Home in a sought-after neighborhood could be the perfect place to start your next chapter.
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.
