1116 Nelda Dr, Imperial, MO 63052
3 beds · 2 baths · sqft
Get a free consultation call with an expert in the mortgage assumption process.
Charming 3-Bed, 2-Bath Ranch in Prime Subdivision! Discover the perfect blend of comfort and style in this beautiful 3-bedroom, 2 full-bath ranch featuring an open floor plan designed for modern living. Nestled on a level lot in a highly desirable subdivision. This home offers both convenience and tranquility. Key Features: Spacious Living & Family Rooms – Ideal for entertaining or relaxing Open-Concept Layout – Seamlessly connects living, dining, and kitchen spaces Partially Finished Lower Level – Includes a den & sitting room, perfect for a home office, playroom, or extra lounge space Primary Suite & Generous Bedrooms – Comfortable and well-appointed Well-Maintained & Move-In Ready! Enjoy the best of suburban living with easy access to schools, parks, shopping, and dining. Don’t miss out on this fantastic opportunity—schedule your showing today!
Source: MARIS #25006967
Source: MARIS #25006967
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.