19 Hermit Hollow Dr Labadie, MO 63055
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About this home
Looking for an adorable home within a great Lake Community? This 2 bed 2 bath house has so much room inside & out for entertaining & relaxing. Nestled in the cute community of Hermit Hollow you will find this home with so many updates. Featuring a large cozy living space with big windows to catch all the wildlife as it walks by. There is a separate dinning room for all your family gatherings which leads you to a great front porch! The back patio is perfect for entertaining and leads into the beautiful kitchen. The upstairs features 2 bedrooms with walk-in closets & a large bathroom. The outside shines all on its own, backing to over 150+ acres of common ground filled with trails & hiking paths! This house has an great swing area up in the woods for you to enjoy your coffee or night time bon fire. Don't forget about the large shed and lean-to ! Last but not least is the amazing 11 acres stocked lake just down the road. This house comes with a newly built dock off the island perfect for enjoying the lake! Looking for a place to have family gathering, fun in the sun, hiking right outside your door, watching nature and privacy all in one, look no further! Call today!
Source: MARIS #25058264
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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.