Welcome home to 1712 Shade Tree — a beautifully refreshed home tucked on a cul-de-sac street and backing to peaceful tree line and open ground. Thoughtfully updated throughout, this move-in-ready ranch blends modern style with an easy, open-concept layout that invites connection, comfort, and effortless everyday living. Step inside to find newly installed LVP flooring, crisp updated paint, and brand-new carpet and baseboards that add warmth and cohesion to the home. The spacious main living area opens seamlessly to the dining and kitchen spaces, creating a bright and welcoming environment perfect for gathering. A cozy fireplace anchors the room, offering a charming focal point for evenings at home. The generous kitchen provides abundant counter and cabinet space, a large breakfast bar, and pantry—ideal for those who love to cook or entertain. Just off the entryway is a flexible guest room that can easily serve as a home office, den, playroom, or creative space, depending on your needs. Three well-sized bedrooms, including a comfortable primary suite with private bath and and exptionally spacious walk-in closet, ensure everyone has a peaceful place to unwind. The convenient main-floor laundry adds to the home’s easy-living design. Enjoy outdoor living with a covered oversized front porch, new backyard patio steps leading to patio space, and a level backyard that backs to open ground—offering privacy, scenic views, and room to relax or play. The huge unfinished basement is a remarkable bonus, offering endless possibilities for future expansion. With plumbing already in place for a future bathroom, you can create the recreation space, additional bedrooms, or storage solutions that best suit your lifestyle. Practical updates bring peace of mind: Roof (2021), Water Heater (2023), A/C (2023), Updated paint throughout, LVP flooring, baseboards, and carpeting, mailbox, and new back patio stairs. A two-car garage and covered front porch complete the exterior. And with its cul-de-sac setting, nearby shopping and dining, easy access to recreation, and a short commute to Scott AFB and St. Louis, the location is just as appealing as the home itself. Stylish, spacious, and wonderfully maintained, 1712 Shade Tree is ready to welcome you home.
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.
