909 Bellevue Ave Elgin, IL 60120
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About this home
Step into this beautifully refreshed home in Elgin's historic district, where timeless character meets thoughtful updates. Featuring spacious rooms, gleaming hardwood floors, and soaring 9' ceilings on the main level, this home is filled with warmth and charm. A convenient first-floor bedroom sits just off the main living area, complemented by a newly remodeled half bath for modern comfort. Just off the kitchen, a spacious sunroom provides the perfect spot for relaxing or entertaining year-round. Outside, enjoy a welcoming front porch, a backyard patio for summer gatherings, and a generously sized double lot with plenty of room to expand, garden, or play. Upstairs, you'll find two large bedrooms, a full bath with a vintage clawfoot tub, and access to a large storage area directly through the bathroom. Multiple walk-in closets offer excellent storage options throughout the home. The full unfinished basement adds even more storage and the potential to create a massive family room or recreation room. Don't miss your chance to own a piece of Elgin's history! Move-in ready and full of potential-schedule your showing today. Roof 10 years, Windows 2022, sewer main replaced 2024, new concrete sidewalks 2022, seller replacing stove. HVAC, water heater, electric updated 2015-2017. 3D virtual tour with floor plans provided, check them out!
Source: MRED #12453218
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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.