507 Country Chase Dr Lake Saint Louis, MO 63367
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About this home
This lovely brick front 2-story home has a perfect location, 2 blocks from the fantastic neighborhood pool, playground, tennis/pickleball and basketball courts, less than 2 miles to Discovery Ridge Elementary, Frontier Middle and Liberty High schools, and near fun shopping, dining, and conveniences, like the weekend farmer’s market at The Meadows. Wonderful main level floorplan with 9’ ceilings and durable LVP floors, including the family room with a cozy fireplace & tall wall of windows filling the space with soothing natural light. Share meals in the breakfast room with a sliding door that opens to the fenced, level back yard, or the formal dining room. Excellent storage & counter space in the kitchen, with a walk-in pantry and 42” cabinets. Custom cubbies off the 3-car garage entry and in the main level laundry room keeps everything organized and out of sight. Hang out in the spacious upstairs loft and relax in the luxurious primary suite with a large walk-in closet & private bath w/dual sinks, soaking tub & separate shower. All 3 guest bedrooms have walk-in closets & private bath access. Lots of storage space in the unfinished lower level. Easy access to I-64/364 to get anywhere. What an opportunity! See it today!
Source: MARIS #25021219
Loan details
Neighborhood
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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.