2995 Point Dr Saint Louis, MO 63129
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About this home
PRICE ADJUSTMENT - Welcome HOME to this spacious, beautifully updated 3 bedroom 2 bath ranch on a HUGE corner lot! Be wowed as you enter the front door you will be greeted by warm flooring, lots of natural sunlight and a large sized living room that opens up to the kitchen with all new stainless steel appliances and gorgeous countertops. Main floor primary suite has a big walk-in closet and so much room for additional armoires or furniture. Great layout - so much room to entertain in the living room that connects the spacious kitchen & primary ensuite on one side, while two other big bedrooms with ample closet space, a full bath and the laundry / utility room is waiting for you on the other. You'll love the thoughtful updates throughout! Private backyard - another great spot for entertaining, bbqs and playground or gardening area. Oversized two car tandem garage AND big driveway for additional parking. All this and so much more in an outstanding location in Oakville / St Louis County - conveniently close to all shopping, all day necessities, parks & restaurants. Just minutes from schools and easy highway access! Move-in Ready for you, comes with a Home Warranty!!! Check it out TODAY.
Source: MARIS #25066923
Neighborhood
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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.