11686 Leland Ln, Huntley, IL 60142
5 beds · 3 baths · 3,200 sqft sqft
Welcome to 11686 Leland Ln, where your new chapter awaits! Located in Cider Grove subdivision (Huntley Community School District 158), this home boasts 5-bedrooms including a flex room off the kitchen with a full bath, perfect for an inlaw arrangement. This lovely home features 3 full bathrooms with a garden tub in the master. 3,200+ square feet of living space plus a full unfinished basement that is fully insulated with ten foot ceilings plus a radon mitigation system already installed for your peace of mind. As you enter through your front entranceway you will notice the ten foot ceilings along with the beautiful custom bamboo hardwood floors throughout the whole lower level. The heart of the home features newer stainless steel appliances along with an eat at kitchen bar and a separate casual evening dining area. Also modern light fixtures and reset lighting Throughout. There is a pantry and custom granite countertops throughout the kitchen just off the kitchen is a drybar with custom glass cabinets all with soft close hardware. There is a large back yard that is fully fenced in with a beautiful cedar fence and a 20x50 concrete patio.The roof is twelve years old and a brand new high efficiency lennox a/c unit was installed 2 years ago. This home has a prime location minutes from historic downtown Huntley with easy access to shopping, dining, and entertainment. There is a lot to admire about this beautiful home, lovely neighborhood and the town of Huntley altogether. Don't miss this opportunity to call this house your "home sweet home"!
Source: MRED #12086232
Interest rate and monthly payment estimated based on public records.
Source: MRED #12086232
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: #12086232
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