471 Bellingham Ct Saint Charles, MO 63304
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About this home
**MOTIVATED SELLER - PRICE REDUCED** Welcome to this 2-story home in sought-after Monticello Estates neighborhood! This 4-bedroom, 2.5-bathroom home offers over 3,000 square feet of living space. Inside you will find fresh new carpet on all 3 floors. On the main level you will find a formal dining room, versatile bonus room for potential office or playroom, a large living room featuring a wood burning fireplace that opens to the spacious kitchen with a center island, eat in breakfast room, guest bathroom, and laundry/mud room. Upstairs, walk through the double doors into your master suite, featuring a walk in closet, double sink vanity, and separate shower and tub. The partially finished basement offers extra living space with potential to make it into whatever you desire.... Kids playroom? Game room? Movie theater? Enjoy the outdoors from the patio in your fenced backyard, perfect for family time, pets, and hosting friends & family. As a resident of Monticello Estates, you’ll have access to fantastic community amenities including a clubhouse, three swimming pools, and tennis courts. This home is conveniently located just minutes from the ever expanding food and shopping selection on Hwy K, the highly popular Downtown Cottleville, and Highway 40/64 and 364 making commutes a breeze. This well-maintained home is ready for a new family to start making memories—schedule your private showing today!
Source: MARIS #25061583
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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.