11015 W Haldane Rd, Polo, IL 61064
4 beds · 2 baths · 3,400 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Unique farmstead featuring spacious 3,000 sq. ft. farmhouse with large barn including 5 horse stalls, cattle barn, creek, all situated on 3.75 acres. Enter into this amazing 5 bedroom, 2 bath farmhouse in the oversized living room featuring NEW oversized windows for ample light and BRAND NEW sliding glass door leading to the patio. Kitchen showcases white cabinets, SS appliances, round double cooktop with custom expandable table built right in. Floor to ceiling brick fireplace in the eating area includes built-in bench with storage. 1st floor bedroom or office, full bathroom and mudroom complete the main floor. 2nd floor features 4 spacious bedrooms with built-ins, 2 with hardwood floors, 2 with carpet and updated full bath showcasing porcelain ceramic tile floors, new vanity and tile surround shower complete the upstairs. Partially finished basement includes family room with custom wet bar and built-in shelving. Other selling features of this home include 9 ft ceilings, new concrete driveway pad, NEW ROOF 2024, NEW gutter/ downspout Dec 2024, new septic and electric pump in2019, tuck pointed brick 2019. Two outbuildings and silo also include cattle barn with shoot already in place and large structurally sound barn featuring new windows, new cover/overhang, vents and features 5 horse stalls, electric and is ready for your livestock to call home.
Source: MRED #12275326
Source: MRED #12275326
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.