774 Waters Edge Blvd Malta, IL 60150
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About this home
Welcome to your dream home! This residence features 4 spacious bedrooms, with an additional 3 bedrooms conveniently located in the finished basement, 2- full bath, and 2-half-bath residence boasts an impressive 2773 sq ft of living space, if you include the finished basement, making it perfect for families. Nestled in the desirable Prairie Springs neighborhood, this home seamlessly blends modern amenities with a tranquil setting. Upon entering, you'll be greeted by gorgeous vinyl wood flooring that extends throughout the main level. The heart of the home is the well-appointed kitchen, showcasing sleek stainless steel appliances that make cooking a delight. The expansive dining room is both versatile and inviting, easily convertible into a cozy family room, allowing for ample space to host gatherings and create lasting memories. Ascend to the second floor, where you'll discover your own luxurious retreat-the primary bedroom. This oasis features a generous walk-in closet and an en suite bath complete with a double sink vanity, perfect for accommodating busy mornings. Three additional bedrooms on this level provide plenty of room for family members or guests, along with the added convenience of a second-floor laundry area. The finished basement further enhances your living space, offering three additional bedrooms along with another half bath, making it ideal for guests, a home office, or a playroom for the little ones. Step outside to your private backyard sanctuary, where you'll find a spacious composite deck perfect for entertaining, alongside a charming patio adorned with a gazebo-perfect for enjoying warm summer evenings. The shed offers extra storage, while the fully fenced yard provides peace of mind for your pets to play freely. This home also enjoys a prime location directly across the street from a picturesque pond featuring a walking path, playground, and park, providing endless opportunities for outdoor recreation and relaxation. With a 2-car garage and ample parking, this property truly has it all. Don't miss the opportunity to make this incredible property in Prairie Springs your own. Schedule a showing today and experience everything this home has to offer!
Source: MRED #12494363
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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.