11364 Valerian Way Roscoe, IL 61073
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About this home
Welcome to this wonderful 2-story home in the charming Village of Roscoe, located within the highly ranked Hononegah High School and Roscoe grade school districts! Step inside and you'll be greeted by a soaring cathedral ceiling in the great room, filled with natural light from the large windows. The open floor plan flows seamlessly into the eat-in kitchen, featuring tile flooring, stainless steel appliances including a gas oven, refrigerator, microwave, and dishwasher-all of which stay with the home. A sliding door off the kitchen leads to the deck, perfect for grilling and enjoying the crisp fall weather. The spacious main floor primary suite is tucked at the back of the home and offers dual closets along with a full bathroom. Upstairs, an open loft overlooks the great room and provides an ideal family room or flex space. Two generously sized bedrooms with ample closet space share a full bathroom with a tub and shower combo. The full basement adds even more value with a finished office, complete with a closet, and plenty of storage and expansion possibilities. A washer and dryer are included as well. Throughout the home, you'll find fresh paint, neutral decor, six-panel wood doors, and upgraded lighting fixtures. The attached 3-car garage offers abundant parking and storage space. Major updates include a roof and water heater, both just 3 years old. The location is ideal! Close to walking trails and bike paths, an excellent public library, and nearby performing arts venues in Rockford and Beloit, WI. You'll also enjoy access to excellent colleges, sporting events, tennis and popular pickleball courts, plus countless recreational opportunities. A State Park and multiple forest preserves provide hundreds of miles of hiking trails, campgrounds, golf courses, boating, fishing, and horseback riding. The Ledges Swimming Pool, just minutes away, offers members summer-long pool access. Convenient shopping, restaurants, and services are nearby along Rt. 173, with summer festivals bringing fun and music to the community. Commuters will love the easy access to I-90, with O'Hare Airport only 60 minutes away, as well as quick routes into Rockford and Beloit via Rt. 251 and Rt. 2. This move-in ready home is neat, clean, and beautifully maintained-truly a must-see!
Source: MRED #12479382
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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.