108 Plum St, Elgin, IL 60120
4 beds · 2 baths · 2,430 sqft
Move in ready!!! This is a one-of- a-kind house, meticulously maintained, very elegant, an architectural wonder which includes two staircases leading up to the second floor, pocket doors, thick crown molding, high ceilings and stunning wood floors throughout. Start your day right as you sit and relax with your cup of coffee on the large front porch. Once inside you will be greeted by an open layout flooded with natural light, a very thoughtful design to entertain family and friends. The spacious living room has a timeless appeal as it offers a calm and peaceful space, perfect for relaxation and comfort. It then connects to the formal dining room which is ideal for parties or intimate get-togethers. A 1st floor bedroom or office/game room is located off the dining room where family can have fun watching their favorite movies or shows, the options are limitless. There is also on the 1st floor a large walk- in closet and full bathroom. The large kitchen features Maple cabinetry, newly stainless-steel appliances, tons of storage space, all waiting to make every prepared meal a special one. Upstairs you will find a big master bedroom, plus 2 additional bedrooms, an office room, and a full bathroom. The spacious back deck is the perfect space to unwind after a long day, here is where tranquility and simplicity are all waiting for you. This being a serene and peaceful sanctuary where BBQ's, laughter and fun can be shared with friends. One of the great features of this house is the large unfinished basement. This is a welcome surprise as you will have all the space you will ever need to store holiday decorations, gardening tools, hobbies equipment as well as a convenient laundry facility. This house is perfectly situated, close to Elgin's Gold Coast, within walking distance to Downtown Elgin, Gail Borden Public Library, The Centre of Elgin, The Fox River bike trail, parks, restaurants and Grand Victoria Casino. This property is located 3 houses down the street from Elgin's annual 4th of July Parade. Minutes from Rt 20, Re 31, I-90, and easy access to the Metra train station. Schedule your showing today!
Source: MRED #12200210
Interest rate and monthly payment estimated based on public records.
Source: MRED #12200210
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: #12200210
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.