2706 Kendall Xing Mchenry, IL 60051
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About this home
This amazing 3 bedroom 2 1/2 bathroom home with plenty of updates resides in the much sought after Running Brook Farms community. With its 9' tall ceilings on the first floor and large windows for plenty of light, this home is ready to move into and start your next adventure! The living room offers plenty of space to relax in front of the gas log fireplace and overlooks the private backyard patio. The dining room has plenty of room for gatherings and extra seating at the kitchen breakfast bar. The kitchen features tile floors, stainless steel appliances (Refrigerator and Dishwasher replaced in 2024, Garbage Disposal replaced in 2022), a large pantry and big laundry closet (Washer and Dryer replace in 2023). The second floor offers a great loft that could be used as a hangout area or office space. The second bedroom has its own large walk in closet while the third bedroom has its own large closet with lots of room for storage. The spacious primary bedroom features a vaulted ceiling, huge walk in closet and its own full bathroom. Looking for more storage? The full unfinished basement with tall ceilings is ready for you! It has a rough in for a potential bathroom and a full egress window if you decide to make it into a finished space. (Furnace, A/C, Water Heater, Humidifier and Roof all replaced in 2023). The home is located just minutes away from schools, great restaurants, shopping and entertainment. You also have plenty of outdoor activities nearby as well! Boating on the chain of lakes, walking paths of Moraine Hills State Park, or even the McHenry outdoor theater! You'll want to see this home for yourself. Schedule a showing today!
Source: MRED #12499768
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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.
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