1010 Woodland Dr, Rockford, IL 61108
3 beds · 3 baths · 1,926 sqft
Amazingly Designed Delight! Completely updated brick ranch. Brand New Custom Interior Designer total entire house gut rehab home. First floor Laundry, Living room, Dining room, 3 bed, Kitchen 2.5 bath (2 full baths on main floor). Stainless Steel Kitchen appliances. One bath features a Italian Mosaic European Rain shower bath, while the other is a Soaker tub with porcelain patterned marble bath with High Fill Capacity tub filler and hand held. Custom features throughout. UltraCraft Tip-Up and Soft Close Cabinetry includes coffee station. Pantry cabinetry provides electric access for; computer, printer, shredder. Italian Cooktop. Exhaust with light over cooktop. Maytag Refrigerator/bottom freezer w/ icemaker. Maytag Combo Microwave/Wall oven. Frigidaire Washer/Dryer. GE Water filter system, Custom Corian sinks/counters/exhaust hood, built-in soap dispensers at all sinks. Custom Kitchen Glass back splash. Efficient economy water toilets. Custom Corian entry thresholds. Flush thresh holds throughout interior. Elan Crystal Moon Chrome with Halo Lighting throughout home. Custom Built-in Entertainment Wall unit with cable access for WiFi. Main level has new energy efficient windows,storms, gutters, downspouts, and doors. Everything new even the Windows, Doors, Hardware, Cabinet pulls. All New Appliances, Thermostats w/Warranty will transfer. Freeze proof spigots front and rear of home. New Simpli Safe Security System. New Roof/downspouts, eaves, sofit, fascia, leaf guard, gables. Addition has new siding. New Plaster returns at all windows. New Red Oak Floors throughout. New Flush red oak registers. New marbled look Porcelain tile. New Italian Mosaic tile. New Plumbing. New Electric. New Huge Capacity Energy Efficient Hot Water heater. New Plumbing Fixtures. New Custom closets. New paint throughout. Raised patio with iron railing. HVAC was cleaned post construction. Front yard light is on a sensor. Mature landscaped front and back yards. Brick exterior on original house. One original bedroom was turned into the Bath with soaker tub. The lower level toilet in basement bathroom was removed to comply with city inspector as when bathrooms are not in use regularly they can emit unwanted gases. This can easily be used by connecting a new toilet and giving you a third bathroom. This quality European Interior Designed home needs absolutely nothing. Move in now. Submit feedback online. All city inspections, permits, work performed available. Street freshly paved.
Source: MRED #12097924
Interest rate and monthly payment estimated based on public records.
Source: MRED #12097924
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #12097924
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.