489 Cardinal Dr Manteno, IL 60950
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About this home
UPDATED PROFESSIONAL PHOTOS! MOTIVATED SELLERS - BRING ALL OFFERS! Welcome home to this beautiful 3-bedroom, 2-bath ranch with a main-floor office, offering approximately 1,975 sq. ft. of well-designed living space. Built just 8 years ago, this home sits proudly on a corner lot and features insulated siding, hardwood floors, and an open-concept layout perfect for modern living. Step inside and fall in love with the spacious family room, highlighted by a vaulted ceiling and gas log fireplace - the perfect space to relax or entertain. The extra-large kitchen will impress with quartz countertops, a center island, and stainless steel appliances, including a new stove (2022) and dishwasher (2022). From the kitchen, step out onto your maintenance-free Trex composite deck (18' x 15') and enjoy the fully fenced backyard. The split-bedroom floor plan offers ultimate privacy. The primary suite includes a 12'x6' walk-in closet, double bowl vanity, and a separate bathtub and shower. The front office (12'x12') with French doors provides the perfect work-from-home space. A wide 48" staircase leads to the unfinished basement, complete with rough-in plumbing for a future bath, a large egress window, sump pump, ejector pump, and radon vent - ready for your finishing touches! The high-efficiency furnace and 200-amp electrical panel help keep utilities low and the home running smoothly. Enjoy your mornings on the covered front porch (19'x6') or store all your essentials in the 2.5-car attached garage. This home offers the perfect blend of comfort, convenience, and modern efficiency - ready for you to move in and make it your own!!!
Source: MRED #12489325
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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.