MOVE-IN-READY + BRAND NEW ROOF & GUTTERS! Experience elevated city living in the heart of the sought-after Shaw neighborhood, walking distance from the Missouri Botanical Garden (3 blocks), Tower Grove Park (2 blocks), trendy restaurants, cafe's, dog park (1 block), and nearby nightlife. This fully renovated residence blends historic character with sophisticated, modern luxury, offering an open-concept design tailored for today's lifestyle. The main level showcases rich bamboo hardwood flooring, soaring ceilings, and plenty of entertaining spaces. A show-stopping chef's kitchen offers abundant workspaces, custom cabinets, recessed lighting, and features quartz countertops plus slate flooring. The custom butcher-block center island makes a statement with gas cooktop, and convenient pot filler. The main floor is rounded out with a breakfast / dining area with contemporary lighting, and a flex space that could be used as a den, office, or additional dining area. Off the main living area, a custom oak staircase with contemporary metal balusters leads to the second floor, where you'll find three spacious bedrooms, beautifully appointed baths, and convenient second-floor laundry. The expansive primary suite serves as a true sanctuary, highlighted by exposed brick, abundant natural light, an oversized walk-in closet with up-scale barn-door, and a spa-inspired bath featuring a custom quartz double-vanity, oversized custom tile walk-in shower, and private water closet. The basement offers a finished, secure home office area and the walk-up exit takes you outside to enjoy multiple levels of outdoor living, including a private rooftop deck above the garage—an exceptional retreat for hosting friends, enjoying sunset cocktails, or unwinding under the city lights. Zoned heating & cooling w/ BRAND NEW UPPER HVAC. New Sewer Lateral, French Drain & Sump Pump - adding the extra reassurance of a dry basement. Rarely does a home combine this level of design, functionality, outdoor living, and walkability in one of St. Louis' most vibrant neighborhoods. Enjoy the best of urban luxury living with parks, culture, dining, and entertainment just steps from your front door.
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.
