31337 Hudson Rd Lebanon, MO 65536
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About this home
Dreaming of the country life without being too far from town? Now's your chance to make that dream come true with this 41 acre farm. 20 minutes from Lebanon, and 25 from Fort Leonard Wood, this 3 bedroom, 2 bath ranch style home is filled with country charm. From the large, white farmhouse kitchen with propane stove/oven, farmhouse sink and TONS of counter/cabinet space, to 2 bathrooms (one newly remodeled), 2 living areas, and large dining space. A large 30x50 all metal shop wired for 220 with 2 heat sources and a large rock and woodframe barn with an indoor sorting pen setup actively used by the current owners working with their horses are additional features! Pastures are fenced and cross fenced with separate pastures for grazing and haying. The back corner has heavily wooded/sloped terrain ideal for whitetail bedding. The Gasconade River is approximely a mile away (as the crow flies) with a public access nearby. A very versatile piece of land that could be successfully used for a wide variety of potential uses. Whether your dream is hobby farming or a recreational retreat, this property has the ability to make that dream come true. Call today for your private showing!
Source: MARIS #25044929
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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.
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