VA assumable Loan at 2.625%- Buyer must qualify. Also a PRICE REDUCTION OF $17000!!!! MAKE OFFER- presenting an exceptional opportunity to own in the prestigious Prospect Lakes neighborhood. Don't miss your chance to enjoy this beautiful home at this new value. I will have a loan specialist at all three open houses to help get you prequalified!!!! Beautiful Ranch Home with Finished Basement, Fireplace, and Prime Location! Welcome to this stunning and spacious ranch-style home in desirable Wentzville, offering comfort, versatility, and thoughtful upgrades throughout. With 3 bedrooms and 2 full baths on the main floor, plus a fully finished lower level, this home is perfect for entertaining, multi-generational living, or simply spreading out in style. Main Floor Highlights: Attractive brick and siding exterior with three-car garage Bright and open layout with abundant natural light Elegant two-sided gas fireplace, shared between the living and dining areas Unique atrium with a mature tree—adds natural beauty indoors Three-in-one bonus room—ideal as a sunroom, reading nook, or flex space Spacious primary suite with private bathroom and ample closet space Modern kitchen with stainless steel appliances — all included Lower Level Features: Fully finished with over 1,000 sq. ft. of living space Additional bedroom and full bathroom Large entertainment area with a full bar Egress window allows for potential 5th bedroom Bonus room perfect for a home office, hobby room, or gym Tons of storage space Includes a chairlift on the stairs for accessibility (removable if not needed) Extra Features & Upgrades: Stainless steel kitchen appliances included Invisible fence—perfect for pet owners! Irrigation system for easy lawn maintenance View of the large neighborhood lake in backyard. Power blinds in atrium Located in a top-rated school district While the home has been well cared for, it presents an excellent opportunity for some modern updates. Direct access to Highways 40 & 70—ideal for commuting This home truly has it all—versatile living space, smart features, and a location that can't be beat. Whether you're cozying up by the fire, entertaining in the basement, or enjoying the peaceful atrium, you'll love everything this property has to offer.
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.
