This is the One! Gorgeous 3 bedroom/2.5 bath townhouse condo in the highly sought after Royal Pines Subdivision in Maryland Heights. A beautiful array of colorful flowers and plants frame the wrought iron handrail that leads you to your next home. Blonde bamboo parquet floors greet you as you wind your way from the brightly lit foyer to the equally bright den and adjoining breakfast room. Custom cabinetry, quartz countertops, SS appliances, brick backsplash and neutral ceramic floors in the kitchen and hallways. Step down into your formal dining room that comfortably seats six or experience what makes this great room Great! Marble walls, custom fireplace, a view of your private patio complete with a park-like setting. Half bath on first floor has floor to almost ceiling ceramic/marble tiles. The second floor has three large bedrooms; the primary has an ensuite with double sinks, shower and ceramic tile as well as two walk-in closets. The two guest bedrooms share a hall bath that thinks it's a primary with beautiful finishes and luxurious touches. Upstairs and lower level have beautiful neutral berber carpet that blends well with the freshly painted unit. This pristine home is a no-shoe home. The lower level is full of possibilities: game room, sleeping area, playroom, theater room - you decide. The washer and dryer are discreetly behind paneled doors. Storage is abundant with this over 2,100 sf of living space unit, roof (2025), insulation (2025), refrigerator (2026) crown molding, parquet floors, Parkway Central Schools, security system, Clubhouse, Pool, Tennis Court w/Putting Green, close to Creve Coeur Park Lake, Westport Plaza, Aquaport, The Heights Community Center, Hollywood Casino and Amphitheater, the Centene Community Ice Center, St. Louis Music Park, shopping, restaurants and so much more! Come by and see what you've been missing. Olive to Fee Fee, then left onto Seven Pines and an immediate right onto Royal Pines.
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.
