2642 Blackforest Dr, Saint Louis, MO 63129
3 beds · 2 baths · 1,089 sqft
Step into this beautifully updated 3-bedroom, 2-bath ranch home featuring an open floor plan and a kitchen designed to impress! Enjoy cooking in the modern kitchen with 42” white soft-close cabinets, sleek gray quartz countertop, a stylish tile backsplash & stainless appliances! Luxury vinyl plank flooring flows seamlessly throughout the main level! The cozy living room features a wood-burning fireplace, crown molding & recessed lighting, making it the perfect place to relax. The spacious bedrooms include ceiling fans for added comfort, while the master suite features double closets and a private full bath. The walkout lower level is the perfect hangout spot! Step outside to the park-like backyard with a deck & patio, perfect for entertaining or unwinding in nature. This home has been meticulously maintained, with key updates including a new HVAC system (2023), a water heater (2019) & newer windows! Located in the heart of Oakville, convenient to schools, grocery stores & restaurants!
Source: MARIS #25020674
All values shown are estimated costs / mo.
Source: Public records
Source: MARIS #25020674
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 of Equal Opportunity Act.