Welcome home to this well maintained 3-bedroom, 2-bathroom ranch nestled in the heart of Caseyville, IL. Blending timeless charm with everyday functionality, this inviting home offers a detached two-car garage and a partially finished walk-out basement, providing generous space to live, relax, and entertain with ease. Step inside to a spacious, sun-swept living room where abundant natural light pours through the windows, casting a warm glow across the plush, recently installed carpeting underfoot. The inviting layout creates a comfortable setting for both quiet evenings at home and lively gatherings with friends and family. The bright and welcoming eat-in kitchen is designed with both style and practicality in mind, offering abundant upper and lower cabinetry for optimal storage, sleek stainless-steel appliances, and a charming picture window above the sink that frames peaceful backyard views while filling the space with sunlight. A conveniently located rear exterior door provides seamless access to the expansive backyard and back patio — the perfect setting for outdoor entertaining, weekend BBQs, or simply unwinding at the end of the day. The main hallway leads to three well-appointed bedrooms, each featuring rich hard wood flooring, large windows that invite in natural light, and ample closet space to keep everything neatly organized. A thoughtfully positioned full bathroom sits just steps away, offering both comfort and convenience for family members and guests alike. The lower level extends the living space even further with a generously sized family room ideal for movie nights or game days, along with a versatile bonus room that could easily function as a fourth bedroom, home office, fitness area, or hobby space. A dedicated laundry room enhances functionality, and a conveniently located half bathroom sits just steps away. A separate exterior entrance provides added flexibility for guests, hobbies, or multi-generational living. Outside, the poured concrete driveway offers ample parking and leads to the detached two-car garage, along with an additional parking pad for extra vehicles or recreational equipment. Situated on a spacious 0.36± acre lot, the partially fenced backyard provides plenty of room for pets, play, gardening, or future outdoor enhancements. Conveniently located just minutes from local schools, the shops and dining of downtown Collinsville, and easy access to Route 159, this home combines comfort, space, and accessibility in one desirable package. Don’t miss your opportunity to make this charming property your own — schedule your showing today!
319 Bethel Meadows Rd, Caseyville, IL 62232
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.
