315 Hillcrest Dr, Belleville, IL 62221
3 beds · 2 baths · 2,120 sqft
This fully renovated home is a must-see! Featuring refinished wood floors, new HVAC to include furnace, a/c and hot water heater, in addition updated plumbing throughout the home, and fresh paint, some trim and light fixtures throughout. The spacious main floor offers two large bedrooms, a beautifully updated full bath, and two family rooms perfect for entertaining. The brand-new kitchen boasts brand new modern cabinets, counters, and brand new stainless steel appliances. This kitchen offers not only modern convience but plenty of space for additonal dining and optional island. The wood burning firelplace in the second family room has been inspected, serviced and functionl. The primary suite includes a newly added bath and dual closets for added convenience. Enjoy the outdoor space on the large corner lot with a patio. Located in a prime area, close to Scott Air Force Base and local amenities, this home offers both style and convenience.
Source: MARIS #25006093
Financials
Source: MARIS #25006093
Source: Public records
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%. 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.
Other resourcesWhat is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.