Schedule your showing today for Friday, June 12th. This stunning and extensively updated master-on-the-main 1.5-story home offers 5+ bedrooms (easily converted to 6) and sits on a large cul-de-sac lot in one of O’Fallon, Illinois’ most desirable neighborhoods. The home features an exceptional layout, modern finishes, and abundant natural light throughout. Real hardwood floors span the main level and lead into the impressive vaulted family room with a gas fireplace and seamless flow into the kitchen, creating an ideal space for everyday living and entertaining. The kitchen includes custom cabinetry, granite countertops, stainless-steel appliances, and a bright breakfast nook overlooking the expansive deck featuring steps down to the fully fenced backyard with mature landscaping—perfect for outdoor dining, pets, or play. The main-floor primary suite is a true retreat with direct deck access, a massive walk-in closet, and a beautifully updated spa-style bath featuring a tile shower, separate vanities, and a garden tub. The main level also includes a dedicated laundry room, a formal dining room, a flexible living room/office, and a striking two-story foyer. Upstairs, three generously sized bedrooms offer comfort and versatility for family, guests, or work-from-home needs. The finished walk-out basement significantly expands your living space with a large family/rec room, a full bathroom, a spacious fifth bedroom with a walk-in closet, and an additional office/den with French doors that can function as a sixth bedroom. Ample unfinished storage makes the lower level ideal for multi-generational living, guests, or hobbies. The property also includes a massive oversized three-car garage providing exceptional room for vehicles, storage, or workshop space. The lot itself is a standout, with property lines extending well beyond the current fence line, offering more usable outdoor space than meets the eye. This Huntington Chase build blends style, comfort, and functionality at every turn. With a main-level primary suite, 5+ bedrooms, mature trees, a fenced yard, and an oversized cul-de-sac lot, it stands out as a rare opportunity in a prime O’Fallon location just minutes from Scott Air Force Base, O’Fallon Sports Park, and the vibrant Downtown District. Situated in highly sought-after O’Fallon District 90 and OTHS, this home delivers the space, updates, and convenience today’s buyers value most.
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.
