**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 and inviting floor plan with nearly 2,500 square feet of living space. Featuring four generously sized bedrooms and 2.5 bathrooms, this home provides the perfect environment for comfortable living. The open-concept family room effortlessly flows into the kitchen and dining area, making it ideal for entertaining and family gatherings. The versatile flex room off the foyer can be transformed into a playroom, additional living space, or, with a simple addition of French doors, your own personal library. The gourmet kitchen is a chef’s dream, equipped with a massive center island featuring a breakfast bar, a gas range with an overhead microwave, an oversized pantry, and stylish recessed and chandelier lighting. Enjoy the transition to the outdoors through sliding glass doors that lead to a delightful covered back porch—an inviting retreat for relaxation and outdoor enjoyment. The owner’s suite is designed for comfort, showcasing an extended, newly remodeled California closet and an en-suite bathroom with tile flooring, a double vanity, and a beautifully tiled shower stall. The three additional bedrooms are spacious, perfect for families or guests, and feature cozy carpeting and ample closet space. This home is packed with special features, including premium engineered hardwood plank flooring on the main level, a two-car garage, a double-wide paved driveway, front- and side-irrigation systems, a sump pump, walk-up attic storage, a sizable crawl space, and convenient leaf gutter guards. Its prime location, just one mile from Route 288, ensures you’re close to excellent schools, shopping, dining, and more. 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 for you 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.
