Urban Charm Meets Modern Comfort in South City! Welcome to this beautifully reimagined home in the heart of South City St. Louis — a perfect fusion of contemporary comfort and classic city living. Every detail has been thoughtfully updated, creating a space that feels fresh, functional, and full of personality. This all-electric home features brand-new flooring throughout, modern paint colors, and stylish new light fixtures that create a warm and inviting atmosphere. The open layout offers comfortable flow between the living, dining, and kitchen areas — ideal for entertaining or relaxing after a busy day. The kitchen is completely new and designed with today’s buyer in mind, featuring sleek cabinetry, new countertops, and a full suite of stainless steel appliances. Whether you’re cooking dinner for two or hosting a weekend brunch, this space makes it easy to enjoy every moment at home. The bathroom has been fully renovated as well, offering clean lines, updated fixtures, and a spa-inspired feel that adds a touch of luxury to your daily routine. The home also includes a washer and dryer, upgraded electric service, and energy-efficient systems that make ownership worry-free. Outside, you’ll find one of the property’s best surprises — a large, level, fully fenced backyard offering rare privacy for city living. There’s plenty of room for outdoor dining, a garden, or a cozy firepit setup. The two off-street parking spaces in the rear add extra convenience and security. Set in an up-and-coming South City neighborhood, this home places you close to local coffee shops, parks, and dining options, while providing quick access to major highways and downtown St. Louis. It’s a turn-key property ideal for a first-time homeowner, downsizer, or investor seeking a stylish, low-maintenance home in one of the city’s most promising areas. If you’ve been waiting for the perfect South City home that offers both modern updates and urban lifestyle — this is the one. Move right in and start enjoying everything this vibrant community has to offer. ASSUMABLE LOAN at 5.375% with a payment of $875/mo!
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.
