104 W 2nd St Pevely, MO 63070
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About this home
Fall in love with this 4-bedroom storybook charmer. Tucked right in the heart of town. Whithin walking distance to Pevely park, post office, restaurants nearby, and easy highway access all in Dunklin R-5 schools. Prepare to be in awe of the beautiful refinished wood floors throughout, timeless character and a cozy flow that feels like home from the moment you walk in. There's so much light and warmth of the Four Seasons room, its sure to impress. The fully equipped kitchen comes with all appliances, including the refrigerator. There's a full walkout basement with workshop and hobby space along with Ample room for storage. Did I mention the washer & dryer stays also?! Outside, the fenced yard has a very convenient and wide electric gate for cars, boats and easy entrance. It is surrounded by lush landscaping, mature trees, and vibrant plants like elephant ears, rose bushes and much more. Relax in your hot tub (that is yours also) under the stars or tinker in the detached 2 car garage & workshop. Move-in ready, 1year Choice ultimate Home warranty included, with all appliances. This home is just waiting for its next chapter to begin. Will it be you to start it?
Source: MARIS #25069433
Loan details
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.