1130 Redtail Ct, Woodstock, IL 60098
3 beds · 2 baths · 1,544 sqft
Discover the epitome of refined living in this exquisite Bull Valley ranch home, a testament to modern design and effortless elegance. Nestled within the tranquil Sanctuary of Bull Valley, this near-new construction offers a serene retreat with all the conveniences for a sophisticated lifestyle. As you meander past the prestigious Bull Valley Country Club, this architectural gem welcomes you with its majestic presence. The home unfolds over a single story, featuring soaring 9-foot ceilings that enhance the sense of space and light. The open-plan living area is adorned with pristine white cabinetry and lustrous quartz countertops, perfectly complementing the suite of new stainless steel appliances. Each room basks in natural light, creating an inviting ambiance that extends to the private backyard-a serene haven for peace and relaxation. This unique neighborhood offers the luxury of maintenance-free living, as both lawn care and snow removal are graciously managed by the Homeowners Association-ideal for those with a dynamic lifestyle or seeking a peaceful retirement. The master suite is a private sanctuary, boasting a spacious layout with a dual-sink vanity and a sleek glass-door shower in the en-suite bathroom. With all new mechanicals installed in 2022, including a tankless water heater, this home combines the allure of new construction with the readiness of an immediate move-in. Experience the tranquility of the neighborhood and the charm of nearby historic downtown Woodstock. This home is not just a living space but a statement of luxury and comfort.
Source: MRED #mrd12093871
Source: MRED #mrd12093871
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: #mrd12093871
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.