4119 White Ash Rd Crystal Lake, IL 60014
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About this home
ELEGANT 4 BEDS / 2.1 BATHS HOME IN SOUGHT-AFTER PRAIRIE RIDGE SUBDIVISION! Welcome to this beautifully maintained single-family home in Crystal Lake, offering comfort, style, and an unbeatable location. Step inside to find a spacious living room with a cozy fireplace, perfect for relaxing evenings. The updated eat-in kitchen features granite countertops and all stainless steel appliances, making it a chef's delight. Upstairs, the oversized primary suite impresses with vaulted ceilings and a private ensuite with dual sinks, while three additional generously sized bedrooms provide plenty of space for family or guests. Enjoy the outdoors on the wrap-around deck with breathtaking views, or envision the possibilities in the unfinished walk-out basement ready for your personal touch. Additional highlights include an attached 2-car garage and a quiet, family-friendly neighborhood served by Prairie Grove Schools and Prairie Ridge High School. This stunning home combines elegance, functionality, and location-a true must-see!
Source: MRED #12433266
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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.