24634 George Washington Dr Plainfield, IL 60544
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About this home
Located in the desirable Patriot Square community and within the Plainfield District 202 school system, this beautifully maintained townhome is sure to be at the top of your must-see list! The open-concept layout between the living and dining areas creates a spacious and inviting environment-perfect for entertaining guests or enjoying quality time with family. The kitchen features a ceramic tile backsplash, all stainless steel appliances, and a center island that provides extra prep space and storage. Natural light floods the main living area through the oversized sliding glass door, which opens to a large private deck-ideal for relaxing or hosting friends. Upstairs, you'll find a versatile loft, a spacious guest bedroom, and a primary bedroom with dual closets and direct access to the full bath. The finished basement offers endless possibilities-use it as a cozy family room, home gym, office, or even convert it into a third bedroom. All of this just a short walk from the historic charm of Downtown Plainfield, where you'll find an abundance of shops, restaurants, and entertainment. Don't miss your opportunity to own this move-in-ready home with incredible potential-schedule your showing today!
Source: MRED #12508659
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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.