Welcome home to Unit 609 at the historic Terra Cotta Lofts, where a century of St. Louis story meets effortless downtown living. Built in 1917 at the height of the city's commercial golden age, this 12-story Beaux-Arts landmark earned its name from the ornate terra cotta detailing that still crowns its facade today. Step off the elevator and into a loft that honors that legacy with soaring ceilings, oversized windows, and authentic urban character at every turn. Inside, this 2 bedroom, 2 bath loft offers 1,557 square feet of light-filled living, a rare amount of space at this address. The open floor plan flows from the kitchen into a generous living area framed by huge windows, giving you room to entertain, work from home, and truly spread out. Two full baths and dual bedrooms make the layout work equally well for owners, guests, or a dedicated office. Residents enjoy secure entry, a welcoming lobby, a second-floor community room, rooftop access with skyline views, and garage parking and storage available in the building. The location delivers the complete downtown lifestyle. One block north, the Washington Avenue corridor is in the middle of an exciting renaissance, with neighborhood favorites like Sugarfire Smoke House, Rooster, and Sauce on the Side just steps away. Walk to City Museum, catch a Blues game at Enterprise Center, a CITY SC match at Energizer Park, or a show at the Stifel Theatre. Union Station, the St. Louis Wheel, Ballpark Village, and Busch Stadium round out a true walk-to-everything address. Daily life is just as easy. Schnucks Downtown handles full grocery runs a short walk away, and City Foundry with its food hall, Fresh Thyme market, and Alamo Drafthouse is five minutes west. Commuters will love this spot: the Civic Center MetroLink station and transit center is within walking distance with direct rail service to the airport, Clayton, and the Central West End, while I-64, I-44, I-55, and I-70 all converge minutes from the building. Lambert International is about 20 minutes door to door. Whether you are a first-time buyer, a professional seeking a vibrant urban lifestyle, or an investor looking for a piece of historic downtown with real momentum behind it, Unit 609 checks every box. At 1,557 square feet, lofts with this much space, character, and convenience do not wait around. Schedule your private showing today and experience the Terra Cotta difference for yourself.
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.
