685 Hawk Run Dr, O Fallon, MO 63368
3 beds · 3 baths · 3,005 sqft
B.O.M! Cash buyer did not close on closing day... Their loss is your gain! Come see this Winghaven GEM! You'll be welcomed by wood floors & edgy accent walls from the moment you walk in. The vaulted ceiling in the living room leads you to the dining space & into your modern, eat-in kitchen w/ black cabinets & fresh granite counters! All appliances stay for your convenience! Outside the french doors is the perfect spot to sip coffee, BBQ, or just relax on your covered deck! There's a spare bedroom (or office!) & full bath on the main level, along w/ the large primary suite! Enjoy the private, ensuite full bathroom & oversized walk-in closet. MFL right off the 2 garage is loaded w/ shelving! Step downstairs to find your entertaining oasis with 9ft ceilings. Host with the retro wet bar, gas fireplace, & walkout lower level! You'll find bedroom & bathroom #3 there too. Loads of storage in the unfinished section. Low maintenance living with lawn care included! Duplicate listing #25014518
Source: MARIS #25006653
All values shown are estimated costs / mo.
Source: Public records
Source: MARIS #25006653
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.