611 N Market St Waterloo, IL 62298
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About this home
Updated 4-Bed Craftsman on Spacious Lot with Garage, Finished Basement & Flexible Layout! This beautifully renovated 1.5-story Craftsman-style home blends timeless character with versatile living space inside and out. Set on a deep, park-like lot with mature landscaping, a private driveway, and detached 2-car garage, this property offers room to spread out and enjoy. Inside, you’ll find a bright, open floorplan with updated LVP flooring, neutral paint, and modern lighting throughout. The kitchen features white upper cabinets with contrasting lowers, quartz countertops, stainless steel appliances, a gas stove, and upgraded hardware—all highlighted by a wood-plank ceiling and statement light fixtures. You’ll also appreciate the French doors, original wood trim, tall baseboards, and soaring 9’ ceilings throughout the main level, which preserve the unique character of the home’s original design. With 4 true bedrooms, 2.5 bathrooms, and two bonus rooms (one upstairs and one in the finished lower level), there’s plenty of space for guests, hobbies, or remote work. The upstairs primary suite includes a walk-in closet with built-in shelving and a modern en-suite with walk-in shower. The main level bathroom features a dual-sink vanity and built-in storage, while the lower level includes a half bath with laundry access and bonus living space. The finished basement adds a spacious rec room, storage areas, mechanical space, and additional flexibility for your needs. Outdoors, enjoy a stamped concrete patio, mature shade trees, green lawn space, a 2-car detached garage, and a separate shed located at the back of the property—perfect for lawn equipment or extra storage.
Source: MARIS #25050493
Neighborhood
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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.