20105 Simmons Rd Waynesville, MO 65583
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About this home
Spacious and beautifully updated in 2024, this 5-bedroom, 3-bathroom home offers style, comfort, and functionality on every level. Step inside to find brand-new luxury vinyl plank flooring throughout the main living areas, with soft carpet in the bedrooms for added comfort. The dream kitchen is a true showpiece, featuring custom cabinetry, sleek quartz countertops, and thoughtful finishes designed for both everyday living and entertaining. This multi-level home is designed with convenience in mind. The main floor includes a welcoming living room, formal dining space, kitchen, and laundry room. Upstairs, the spacious primary suite boasts a modern bathroom with a large tiled shower, along with two additional bedrooms and another full bath. The lower level provides even more living space with a cozy family room anchored by a wood-burning fireplace, plus two additional bedrooms and a bathroom—perfect for guests, a home office, or a growing family. Set on a generous 0.88-acre corner lot, the property offers plenty of outdoor living options. Enjoy the partially fenced yard, relax on the back deck, or entertain on the side patio. A Level 2 electric vehicle charger is already installed, making it easy to keep your EV powered at home. Nestled in a quiet neighborhood, the location combines peaceful living with convenience—just minutes from I-44 and the Fort Leonard Wood West Gate.
Source: MARIS #25062358
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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.