Welcome home to this wonderfully cared-for and strategically updated 4-bedroom, 3.5-bath two-story home over a finished walk-out basement, located in the Waynesville School District and just a short drive to the main gate of Fort Leonard Wood! Highlight features include fresh paint throughout, a privacy-fenced backyard, two driveways, storage shed, new kitchen faucet, new garbage disposal, new stove, updated ceiling fans, and light fixtures with remote and smart Wi-Fi access throughout. Step inside from the covered front porch and you’ll be greeted by beautiful light wood flooring that carries through the dining room and kitchen. The living room is carpeted for comfort and features a timeless bay-style window that brings in plenty of natural light. The kitchen offers medium oak cabinetry, abundant white countertop space, a full appliance suite, closet pantry, and an attached formal dining room. A half bathroom and laundry area are also conveniently located on the main level. Upstairs, the primary bedroom suite features a new ceiling fan with remote, walk-in closet, and attached bathroom with a single vanity and shower/tub combo. Down the hall, you’ll find two additional guest bedrooms, including one with a walk-in closet and another with an oversized closet, along with a full guest bathroom featuring double sinks, generous counter space, and a shower/tub insert. The finished walk-out basement offers a large family room, perfect for hosting, relaxing, or entertaining guests. A 4th bedroom, full bathroom, and utility closet complete the lower level. Step outside through the remodeled back patio space to enjoy the newly privacy-fenced backyard with a storage shed, ideal for lawn equipment, toys, and outdoor storage. With two driveways offering flexible parking for everyday vehicles, a boat, RV, camper, or trailer, this home is as functional as it is inviting. Pride of ownership is evident throughout, and this move-in ready home is sure to impress. Quiet neighborhood and proximity to shopping and work makes the location unbeatable! Schedule your showing today! *INQUIRE ABOUT A VA ASSUMABLE LOAN AT A 5.6% INTEREST RATE*!!!
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.
