804 Brockwell Dr O Fallon, MO 63368
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About this home
A Grand First Impression from the moment you arrive, this beautifully designed home captures your attention with timeless curb appeal and welcoming charm, all beautifully landscaped, yet easy to maintain. Be the envy of your family & friends in your gourmet kitchen featuring gorgeous satin granite countertops, stainless steel appliances, and a spacious center island that opens seamlessly to the family room—perfect for entertaining or family gatherings. The open floor plan is filled with natural light and lots of fresh paint in today's most popular colors. The family room with cozy fireplace creates the heart of the home, offering warmth and style for any occasion. Upstairs, discover the luxurious primary suite 20x15 with a spa-inspired bath and generous walk-in closet—your private sanctuary at day’s end. Three additional bedrooms w/wood flooring and a loft upstairs provide flexibility for family, guests, or a home office. A finished lower level expands the possibilities with space for recreation, media, or hobbies. Outdoor Living: Step outside to your private backyard oasis, ideal for summer barbecues, playtime, or simply unwinding under the stars. Prime Location: Nestled in a sought-after Dardenne Prairie neighborhood offering a private pool for the residents only and lots of monthly activities PLUS it's near top schools, parks, and shopping, this home offers both convenience and community. Possible 3% fixed rate assumable mortgage
Source: MARIS #25067992
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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.