814 Edgewater Dr Minooka, IL 60447
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About this home
Welcome to this inviting 4-bedroom, 2.5-bath home, with a great cul-de-sac location, featuring countless updates and spacious living areas designed for comfort and style. Step inside to a bright first floor with new flooring throughout. The updated laundry room boasts a stylish wood shiplap accent wall and utility sink-perfect for busy households. Enjoy a warm and welcoming living room, a convenient powder room, and an updated dining room ideal for hosting gatherings. The expansive family room offers built-ins, an electric fireplace, abundant windows, and incredible natural light. The spacious kitchen includes stainless steel appliances (2018), generous cabinet storage, and a layout that makes cooking a joy. Upstairs, retreat to the large primary suite complete with a luxurious en-suite bathroom featuring a relaxing jacuzzi tub and a spacious walk-in closet. Three additional bedrooms all offer ample closet space, including one bedroom with a charming board-and-batten feature wall. The finished partial basement (2020) with a crawl space provides additional living and play space thanks to a built-in playroom-plus plenty of extra storage. Step outside to your own private retreat! A beautifully landscaped and spacious backyard sets the stage for outdoor enjoyment with a large deck for entertaining and a storage shed (2015) for added convenience. Notable Updates Include: Stainless steel appliances (2018), HVAC (2020), New sliding glass door (2018), Roof (2015), Basement finishing (2020), New trim and doors throughout, Updated lighting and so much more! This home truly has it all-modern updates, incredible natural light, and a fantastic outdoor space your family will love. Don't miss your chance to make it yours!
Source: MRED #12510340
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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.