4681 Richmond Forest Dr Florissant, MO 63034
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About this home
Stunningly rehabbed 4 BDRM, 2.5 BTH 2 sty w/2300+ sq ft backing to common ground & woods! Ext feat 2 car garage, brick/vinyl front w/covered porch & serene backyard w/patio. Jaw dropping interior w/entry foyer looking to open floor plan & refinished wood flooring. Formal living rm looks to spacious great rm w/wall to wall windows & marble gas FP flanked by white oversized mantle. Breakfast rm w/bay sliders overlooking backyard. Gorgeous kitchen includes center island w/BB, granite countertops, white tile backsplash, white 42" cabs w/modern hardware & pantry. Sep den/office rm, laundry & 1/2 bth on main. Upper level feat vaulted owners suite w/plantar shelving, w/i closet & lux bth w/dbl sink vanity w/granite CTs, soaking tub & w/i shower. Loft area perfect for 2nd entertainment area! 3 add'l spacious bdrms w/ample closet space & updated full bth upstairs. Walk out LL with half of the basement finished! New flooring, lighting, doors & paint throughout! This is a Smart House. Includes smart appliances, refrigerator, washer/dryer and microwave (all less than 3 years old). Also included is the 85-inch TV in the basement with built in fireplace. Seller will assist in closing cost. Finally, once the sellers have moved out, they will have the home and appliances professionally cleaned.
Source: MARIS #25071360
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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.