6446 Virginia Ave Saint Louis, MO 63111
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About this home
BUYER BONUS $1000 closing credit! An eclectic mix of vintage pieces, original art, & whimsical musical instruments adorn this historic estate nestled between beloved Carondelet Park & the mighty Mississippi. Perched above Virginia with a bird’s eye view & generous double-lot, this estate is ready for its next steward. With an aesthetic all its own, it’s the bones of the house are the star. From the entryway with original Newell post & bentwood railing to the sweeping ceilings with oversized dining & living rooms with windows that bring in natural light. Original millwork over the charming front porch with a private side garden creates privacy from the surrounding historic properties. While traditional in style, the open concept, kitchen overlooks the formal dining area with giant pantry, plenty of counter space & a welcoming environment for entertaining. Bold colors accent the bright rooms & the ceiling detail in the dining ads drama. Upstairs, you'll find the hardwoods continue in the two bedrooms & open stairwell with large landing that leads to an unexpected walk-in closet for your fine threads. There is much to be admired about the history of the French Neighborhood, Carondelet, Plus, Hwy. 55 access weather & just a quick zip down Virginia to the Patch Neighborhood for mom-n-pops like Sugarwitch Ice Cream & Stacked Burgers & proximity to amenities in Loughborough Commons. Enjoy recreation & events in historic Carondelet Park. Your new neighbors are waiting. Welcome home!
Source: MARIS #25065424
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.
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