6147 Adkins Ave Saint Louis, MO 63116
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About this home
Welcome to this delightful Holly Hills home boasting great gingerbread charm! Enter into your separate foyer and notice the convenient coat closet, original rounded front door and the updated fixture. The living room boasts gleaming hardwoods, natural woodwork and great art deco stylistic features such as the fireplace (with electric insert), the plaster cove moldings, the built-ins and the archways. The open floor plan gives you ease and the perfect backdrop for your soon-to-be legendary dinner parties. Let your inner chef emerge in this kitchen with miles of solid surface counter tops, loads of cabinets, pantry space and room for an eat-in area. A typical South City porch is located off the kitchen, great space for a mudroom. There are two main floor bedrooms that flank a vintage bathroom complete with pristine sea foam green tile (LOVE it!). The 2nd floor sports two bedrooms some with built-ins and a center den space that is perfect for a reading nook or a home office. The convenient half bath located up here has been updated as well. The basement is primed for all of your storage needs OR get creative and finish the space into a loft like family room. The level and fenced backyard Fido or the kiddos will LOVE! Plenty of entertaining space back here with a large patio space as well as a carport space that could be used for additional outdoor space. Your cars will love the detached garage (and so will your insurance). Your new home has been meticulously maintained by the current long time owners and updates include: windows, HVAC, and more. Located blocks from Carondelet Park (3rd largest park in the city) this Holly Hills charmer is ready for you call her home. The only thing missing here is YOU!!!
Source: MARIS #25071666
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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.