351 Cart Path Ln, Saint Clair, MO 63077
3 beds · 2 baths · 1,348 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Look no more! Check out this 3-bedroom, 2-bath gem on a corner lot in a convenient location (easy access to I44). Open-conncept floor plan in the living, dining & kitchen areas--to create memories with family and friends. Kitchen has custom cabinetry and breakfast bar that adjoins the dining area that opens to the deck to enjoy grilling and/or relaxing. Primary bedroom has a private bath with shower. Two more bedrooms, hall bath & main floor laundry, ready for your family. The walk-out lower level has a finished home office/possible sleeping room and rough-in for 3rd bathroom. Plus, ample space to finish the remainder to suite your family's needs. New roof in 2023 and flooring in 2021. Two car garage and more. Don't miss this opportunity to own a beautiful home in a fantastic location!
Source: MARIS #25014818
Source: MARIS #25014818
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.