15944 Highway Ww Lebanon, MO 65536
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About this home
If you’ve been dreaming of wide open spaces and a home that feels like it was made just for you, this is the one. Let’s talk about what you’re getting: five bedrooms, three bathrooms, and just over 3,800 square feet of living space. Yep, everyone gets their own corner of the house (and no more arguments over bathroom time). It even includes a wet bar, perfect for hosting or enjoying a night in. It sits on 9.56 acres of peaceful, open land in an extremely desirable location. It’s beautiful. It’s quiet. And it’s just waiting for your personal touch. There are two barns already on site so whether you’re thinking a couple of horses or a mini farm, it’s got the space for it. Maybe instead of animals you want to plant a massive garden? You'll be the envy of all your friends and family, no doubt. And that massive back porch? It was made for slow mornings, backyard BBQs, and sunset watching with a drink in hand. The home’s been very well taken care of, with newer shingles and hot water heaters, so you can cross those big-ticket worries off your list. This one has the kind of space you usually only dream about. Come see it in person. You’ll get that “this is it” feeling as soon as you pull up the driveway.
Source: MARIS #25053819
Loan details
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Close stress-free in 45 days, handled start to finish by Roam.
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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.