1130 REDTAIL CT, Woodstock, IL 60098
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.
You may be able to put down less than the total down payment amount of $32,637 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: #mrd12093871