1219 Koch St Bloomington, IL 61701
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About this home
Large corner lot with partially fenced yard!!! Tons of updates throughout this home!!! *NEW* 2020 roof installed, *NEW* 2020 vinyl siding installed, *NEW* 2020 A/C installed, *NEW* 2020 water heater installed, newer electrical panel, newer sewer line to the street with backflip preventer installed, some newer plumbing, newer carpet installed, newer laminate flooring installed as well as some replacement windows. ALL appliances with still with the home. There is an oversized garage which is great for additional storage! There is a covered front porch with some added landscaping to enjoy your morning cup of coffee or evening glass of wine as well as patio space to entertain! There is laundry on the main floor as well as a half bath for extra convenience! The mudroom is perfect to place items down with cabinetry before entering the home. The kitchen is nice and open that leads into your dining room. The family room has natural light that shines throughout and a cozy den with built-in book shelves! 2 large bedrooms with hardwood floors and amazing closet space with closet organizers installed that will stay with the home as well as a full bath upstairs. Some additional updates performed to the home include: new garage disposal in kitchen this October, painted back porch this October, trimmed trees in October 2024, new screen installed on chimney in May 2024, and painted exterior window frames. Conveniently located to highway, shops, restaurants and more! Do NOT miss the opportunity to own this wonderful home today! All information is deemed reliable, but is not guaranteed and should be independently verified.
Source: MRED #12494403
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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.