905 E B St, Belleville, IL 62220
4 beds · 2 baths · 3,211 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Located within walking distance to downtown Belleville, this charming 4 bedroom 2 bathroom bungalow with excessive additional living spaces is ready for you to call home! Over 3,000+ sq ft of total living space, you'll find beloved old home features around every corner. The enclosed front porch, fenced in backyard and patio, massive basement, oversized 2 car garage/parking pad spaces off the alley, and an open concept kitchen/dining right off the main living room are all fantastic features that give this home so much potential. This home has many recent, fresh renovations all throughout and a majority of the major components such as the home's HVAC (boiler & mini splits), siding, hot water tank, etc. have been taken care of within the past 5 years. This home is turn key, move in ready and has passed the city's occupancy inspection. Near downtown Belleville shops and restaurants, easy access to Scott AFB, and close proximity to many major highways and interstates. Schedule today!
Source: MARIS #25021775
Source: MARIS #25021775
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.