Discover this impressive Fulford-built two story home offering 4 bedrooms, 3.5 baths, over 3,500 finished square feet, a massive 3 car garage, and excellent unfinished basement storage. Ideally located on a quiet cul de sac in the highly desirable Thornbury Hill subdivision with neighborhood sidewalks, and local conveniences. Step inside to a welcoming two-story foyer framed by a formal dining room and a versatile den perfect as a home office, library, or entertainment parlor. The foyer flows into a bright and spacious family room with gas fireplace, seamlessly connected to the open concept kitchen. The kitchen is designed for everyday living and entertaining, featuring an oversized butterfly center island, bar seating, abundant cabinetry, generous counter space, and a walk-in pantry. The main level also includes a separate laundry room and easy access to the oversized patio and fully fenced backyard. Upstairs, the primary suite provides a relaxing retreat with a walk-in closet and an ensuite bathroom offering an oversized double vanity, separate tub, and shower. Three additional spacious bedrooms and a full hall bath complete the upper level. Throughout the home, you’ll find custom blinds and oil rubbed bronze finishes for a timeless, classic look. The finished basement expands your living space with 9 ft ceilings, a flexible bonus room ideal for an office, playroom, or guest space, and a large open rec/family room perfect for a home theater, gym, or even a future 5th bedroom with an existing egress window. Additional unfinished storage is available in the mechanical room and under stair “suitcase” closet. Enjoy outdoor living in the private, fully fenced backyard featuring a lighted concrete patio, playhouse, and a newly installed brick raised garden bed ( May 2026)—ideal for vegetables, herbs, or flowers. Mature trees provide wonderful shade and privacy. Located within highly regarded District 90 schools, this home is just minutes to: Moye Elementary School (K-5), Carriel Junior High School (6-8), and O'Fallon Township High School (9-12). Commuters will also appreciate being approximately less than 15minutes to Scott Air Force Base.
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.
