6609 Gladel Dr Waterloo, IL 62298
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About this home
Welcome to where comfort and charm meet functionality on just over three acres at the end of a quiet lane. Built in 1996, this two-story home has been thoughtfully updated and well cared for, offering the perfect balance of space, privacy, and convenience. With 3 bedrooms and 2 1/2 baths, the home is designed to accommodate a variety of lifestyles, whether you’re looking for room to grow, space to work from home, or simply a place to unwind. The inviting main level features an open, eat-in kitchen with plenty of storage and counter space, a separate dining room for special occasions, and a spacious living room anchored by a cozy fireplace. It’s an ideal setup for gatherings large or small. Upstairs, the oversized primary suite offering plenty of room for a sitting area or office nook. Additional bedrooms are comfortably sized, making them versatile for family, guests, or work-from-home needs. The finished lower level adds even more space to enjoy with a family room perfect for movie nights, a half bath, and laundry facilities. Practical updates provide peace of mind, including a new roof in 2022 and a furnace installed in 2018. Step outside and discover your own backyard oasis. A 12 x 20 screened-in patio is perfect for enjoying coffee in the morning or relaxing in the evenings. Summer fun awaits in the new above-ground pool with a new deck, installed in 2023, while a charming 12 x 16 shed adds handy storage. For hobbyists or anyone with “toys,” the property offers an impressive 36 x 40 outbuilding with electric and concrete floors, plus a 12 x 24 carport. An oversized garage provides even more space for vehicles, tools, or workshop projects. Tucked away from traffic and surrounded by nature, this property offers the peace and privacy of country living while still being only minutes from town conveniences. Whether you’re gathering with family, hosting friends, or simply enjoying the serenity of your surroundings, this home offers the lifestyle you’ve been searching for! No HOA due (minimal restrictions do apply call for details)—just peaceful, wide-open living. Come enjoy the quiet life with all the comforts of home!
Source: MARIS #25072878
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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.