56 Split Rail Ct, Wentzville, MO 63385
3 beds · 3 baths · 1,950 sqft
Welcome to this well maintained 3 Bedroom/2.5 Bath home. From the start of the tour you will see the updated open floor plan on the main level. Kitchen offers quartz countertops and tile backsplash, along with stainless steel appliances. Primary bedroom provides ample space and full bathroom with shower/tub. The other two bedrooms are spacious as well. Off the Kitchen/Dining area is leads to the fenced backyard with a large patio and gazebo to relax under. Lower level is partially finished with plenty of space for an additional living room area. Laundry Room is in lower level. Fresh paint throughout, AC less than 2.5yrs old, Water Heater has been replaced. Roof, Siding, Front Windows, Garage Doors replaced in 2024. Showings start March 28, 2025. This home has a lot to offer, don't miss out on this gem! Open House 3/30/25 (1P-3P).
Source: MARIS #25015713
Source: MARIS #25015713
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.