SPECTACULAR FROM THE INSIDE OUT! This meticulously maintained detached villa offers the privacy and feel of a single-family home while providing the convenience of low-maintenance living. Situated on a desirable walkout lot, this exceptional 3-bedroom, 3-bath home offers approximately 2,860 square feet of thoughtfully designed living space and showcases quality, care, and pride of ownership at every turn. From the moment you arrive, the beautiful curb appeal, professional landscaping, and inviting covered front entry set the tone for what awaits inside. The open-concept floor plan features vaulted ceilings, abundant natural light, plantation shutters, and tasteful, timeless finishes throughout. The spacious living and dining areas flow seamlessly into the custom kitchen, where quartz countertops, an updated sink and faucet, stylish backsplash, and upgraded lighting create both beauty and functionality. The primary suite serves as a relaxing retreat with a generous walk-in closet and a beautifully updated ensuite bath featuring a luxurious jetted Jacuzzi brand tub, dual vanity, and quality finishes. Main floor laundry adds everyday convenience, while additional bedrooms and living spaces provide flexibility for a variety of lifestyles. The finished walkout lower level expands the living area with ample space for entertaining, relaxing, hobbies, or guests. Additional features include a basement kitchenette area, built in shelving, added storage with optional workspace area with utility sink, and thoughtful improvements designed for long-term comfort and convenience. Step outside and enjoy one of the home's most impressive features—a maintenance-free Trex deck overlooking a beautifully fenced backyard, plus a rain-protected covered patio below. Whether hosting guests, enjoying morning coffee, or simply taking in the peaceful surroundings, these outdoor spaces are designed to be enjoyed year-round. Major updates provide exceptional peace of mind, including architectural shingle roof (2021), furnace and air conditioning (2021), tankless water heater (2021), quartz kitchen countertops (2021), driveway & sidewalk (2023), deck expansion and under-deck patio cover (2022), epoxy garage floor & paint (2025), and much MUCH more. HVAC, water heater, irrigation system, and air conditioning have been professionally serviced on a regular basis. The HOA fee of just $200 per month includes lawn care and snow removal, and residents enjoy access to community amenities including a pool and nature trails. Homes maintained to this level are truly RARE. Every detail has been thoughtfully updated, improved, and cared for, creating a move-in ready opportunity that offers comfort, quality, and lasting value. Contact your favorite real estate representative for a list of full details and features, and schedule your private tour today! Welcome home to Enclave of Hearthstone - a saught after community with convenient access to the festivities and offerings of the City of O'Fallon, an easy commute to Scott AFB, and quick access to I-64.
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.
