1210 Jefferson St, Mendota, IL 61342
4 beds · 2 baths · 1,714 sqft
Lovely 4 BDR, 2 BA Victorian with beautiful hardwood floors,recently refinished, HUGE 2 car garage off alley! Enter this pretty home thru the vestibule complete with original stained glass window and a beveled glass door to the dining room with a bay window. From here you can enter thru the large doorway with single pocket door, to the large living room with the beautiful original picture window with the beveled, leaded glass window. The kitchen has been updated with newer appliances,- including a Bosch dishwasher, a deep, double stainless sink with pull down faucet, a fabulous pantry and a wonderful island for stools, and extra storage too!!-with those long Victorian windows for lots of sunlight!! There are 2 Bdr's downstairs, the primary with a huge walk in closet and a nice sized full bath with closet and new floor! upstairs, 2 sunny BDR's, an open lounge area, and another full bath-each BDR having a nice sized closet! Are you looking for an oversized 2 car garage?? The cherry on the top of the sundae of a house is that HUGE 2 car garage!! Plenty of space for a workshop area, storage of seasonal items, and your vehicles!! And the patio area between the house and garage and the partially privacy fenced area for your dog! Central air unit NOT working. Crown molding for kitchen is in garage. Cash or conventional only! No repairs or credits, selling AS IS
Source: MRED #12288752
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
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We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: MRED #12288752
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 of Equal Opportunity Act.