7356 Kishwaukee Rd Stillman Valley, IL 61084
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About this home
Welcome Home! This spacious 4 bedroom, 3 bath brick ranch is tucked away at the end of a long private drive, perfectly set on 5 acres and zoned AG-so bring your animals and enjoy country living at its best. While located in Winnebago County, this property is also within the highly regarded Stillman Valley (Meridian) school district. Step inside to a bright and welcoming entryway with brand-new flooring and light fixtures. To the right, a generous living room flows into the formal dining area-or use it as a cozy family room featuring a wood-burning fireplace. From there, enjoy access to a charming sunporch and a stunning new kitchen. Completely remodeled down to the studs, the kitchen boasts granite countertops, stainless steel appliances, abundant cabinetry, and a farmhouse-style sink beneath the window. Convenient first floor laundry and a full bathroom are also located on this side of the home. On the opposite wing, you'll find four spacious bedrooms, including a primary suite with a luxurious bath featuring dual sinks, a tub/shower and a large walk-in closet. The additional bedrooms share a full bath, also with dual sinks. The lower level expands your living options with an office, bonus room, second kitchen, and an oversized unfinished area perfect for storage or future customization. Outdoors, the possibilities are endless. A 40' x 90' barn (built in 1989) offers plenty of space for equipment or animals. The property also includes wooded areas for exploring, along with ample space for a garden.
Source: MRED #12465752
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.
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