12309 S Prairie Ridge Ln, Plainfield, IL 60585
3 beds · 3 baths · 2,281 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This is an absolute must-see! This stunning 3 bed, 2.5 bath home in Plainfield on a premium lot with no one behind you, very tough to find and is a must to see! As you step inside you will immediately fall in love with the soaring ceiling in the entryway making this home feel open and airy and bright. Newer construction (2022) and kept in pristine condition. This home features stunning LVP flooring, NEW paint (2024), and upgraded features throughout. This home creates an open floor concept living space that flows into each room seamlessly. Graced to the right of the entryway is a large living room with abundant natural sunlight. As you enter in this lovely floor plan, there is an eat-in kitchen and family room adjacent to each other with abundant natural sunlight flowing in with Reflective Tinted Windows (2023) which offer 20% reduction in heat and no view inside during the day. All light fixtures replaced Sept. 2024. Beautiful expansive custom island -IDEAL FOR ENTERTAINING LARGE GATHERINGS- (Jan 2025). Gorgeous accent walls added in Jan 2025. The kitchen is a chef's dream! Featuring beautiful white and black cabinets, Quartz countertops, and stainless steel appliances. The large pantry provides more storage space. Step through the sliding doors into the completely fenced backyard (2023) which gives you peace of mind while entertaining or hanging out with family and friends. Head upstairs where you will find a large loft perfect for an office, playroom, or another space to relax. The primary bedroom suite is the ideal retreat featuring a spa-like en suite bath with glass French doors, double vanity, walk-in shower, and a HUGE walk-in closet. The unfinished basement provides ample storage and the possibility of additional living space. A 2-car garage is easily accessible from the kitchen. This home is in excellent condition, nothing to do but move right in! Self winterizing sprinkler system (2023). Upgraded backyard (July 2023), upgraded powder room (Jan 2025), 220 outlet installed in the garage for electric car or anything else. Minutes from US-30, close to shopping, dining, and entertainment. Schedule your tour today!
Source: MRED #12325705
All values shown are estimated costs / mo.
Source: Public records
Source: MRED #12325705
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.