110 N BUCKINGHAM DR, Sugar Grove, IL 60554
Spectacular hard to find brick front ranch home on quiet street right across from Prestbury clubhouse, pool and Open Range Grill! You will absolutely love the open concept floor plan with exceptional millwork and plantation shutters throughout! Entry foyer with volume ceiling! Freshly stained oak hardwood floors in foyer, dining room & kitchen. The heart of the home is the great room with tray ceiling and stone fireplace. Separate dining room with double French door entry. Spacious kitchen with 42" crown trimmed white cabinets, granite countertops & backsplash, pantry closet, island, breakfast bar and eating space with bay window and atrium door that leads to paver patio. Primary bedroom suite has tray ceiling, walk-in closet and stunning primary bath remodel with dual sink granite top vanity, stand alone soaker tub and big walk-in shower with seat and recessed storage niches. Two secondary bedrooms with big closets. Full hall bath with shower/tub. Convenient main floor laundry room with cabinets, sink and closet. Finished basement has a large rec room with built-in bar and bookshelves, bedroom 4 and another full bath. 3 car garage. Private fenced yard with fabulous paver brick patio. This home is located close to everything from parks, schools & shopping to I-88 access being just minutes away. Come and enjoy all that Prestbury has to offer!
You may be able to put down less than the total down payment amount of $250,495 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #mrd12136535