232 Julep Ave Oswego, IL 60543
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About this home
Welcome home! Your search this year is finally over. This like-new home built in 2014 is ready to move into. It is located in the very sought after Oaks at Churchill Club and exhibits eloquence on a corner lot. You will be greeted with high ceilings and a contemporary style chandelier that reflects nothing but exuberance. Enter in the grand foyer to a living room on the right and a dining area on the left. In front of you meets the family room and a powder room with stairs that lead up to your cozy hallway. Upstairs you will find a full bath, a master bedroom with a full bath and three more bedrooms. Make your way back downstairs into the family room where you will find a granite top kitchen with well maintained appliances from 2014 (dishwasher, gas stove/oven, microwave) and a granite top island perfect for an additional eating area or a food station for all your guests. Don't forget the two-door pantry and coffee/bar station! Setup a table for daily use in the spacious eat-in kitchen area. Sliding glass doors will lead you outside to a huge backyard! Find the laundry room with a well maintained washer and dryer and extra space for an office or mud room. The two car garage has plenty of space as well, for any shelving or yard tool storage needs. Return back through the laundry room into the kitchen down to an unfinished basement with a new 40 gallon water heater, well maintained furnace/AC unit, water softener, and a radon mitigation system. The floor is open to your creativity and includes a crawl-in space for more storage! Come visit this airy and open concept home now!!!
Source: MRED #12470975
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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.