[**Motivated sellers!**] (Back on market no fault of sellers) - Current inspections in-hand...extra $$ saved! Welcome to your new home in the heart of the highly sought-after 63304 zip code, located within the award-winning Francis Howell School District! This charming 3-bedroom, 2-bathroom ranch offers the perfect combination of comfort, character, and thoughtful updates—all situated on an expansive .55-acre fenced lot that’s truly rare in this area. With a total of 1,776 square feet, including a partially finished basement, this property blends timeless design with modern functionality! From the moment you arrive, the oversized driveway, tasteful landscaping, and inviting curb appeal create a warm welcome. The huge fenced backyard provides endless possibilities for entertaining, gardening, or simply enjoying peaceful outdoor living. The property includes raised garden beds, a brick-lined garden area, and a covered patio that extends into a grilling space—perfect for outdoor gatherings and relaxing evenings. The patio cover has been rebuilt with new lumber for long-lasting durability! Inside, the home offers an inviting layout designed for easy, single-level living. The main floor includes three comfortable bedrooms, two full bathrooms, and a main-floor laundry room for convenience. Several rooms feature fresh paint and newer flooring, creating a light, updated feel throughout. With one bedroom already showcasing refinished hardwood and two more ready for restoration, the opportunity to create your ideal finish is wide open. The kitchen serves as the heart of the home, showcasing a beautiful custom-built 8-foot butcher block countertop that adds both function and craftsmanship. Overlooking the open backyard, the kitchen features stainless steel appliances and offers an inviting space for meal prep with a view. The adjoining dining and living areas flow seamlessly, making this home ideal for entertaining or everyday living. In the living room, an electric fireplace with a custom mantel adds a cozy and stylish focal point that enhances the overall ambiance. The design beautifully complements the home’s comfortable, welcoming character. Recent updates add peace of mind and long-term value. The plumbing in the laundry room and adjacent bathroom is brand new and freshly insulated. Those spaces also feature updated flooring for a fresher, finished look. The partially finished basement expands the home’s livable space and offers incredible flexibility. With room for a home office, hobby space, or recreation area, as well as plenty of unfinished storage, the lower level is ready for both immediate use and future customization. Set on over half an acre, the fenced backyard stands out as one of the home’s most impressive features. The lot provides privacy and abundant room to spread out—ideal for children, pets, or anyone who enjoys backyard leisure. The landscaping and garden design provide a natural, organic look that blends beauty with practicality. The location offers the best of both convenience and tranquility. With easy access to Highway 364/94, nearby shopping, restaurants, and parks, and proximity to top-rated schools, this home is perfectly positioned for a balanced lifestyle. Residents enjoy the charm of a quiet neighborhood with the benefit of modern amenities just minutes away. Move-in ready yet full of potential, this ranch combines functional upgrades and a flexible floor plan ready to grow with your needs. Don’t miss the opportunity to own a beautiful ranch on over half an acre in a prime location. With its thoughtful improvements, inviting design, and exceptional value, this home stands out as a truly appealing opportunity. Schedule your showing today and experience why this property is the perfect place to call 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.
