13331 Cathy Ln, Plainfield, IL 60585
5 beds · 4 baths · sqft
Stunning brick-front home, nestled on an expansive corner lot, offering over 3,000 square feet of living space! As you step into the impressive two-story foyer, you're greeted by an elegant exposed staircase and gleaming hardwood floors, which extend throughout much of the main level. The formal living and dining rooms, great for hosting and entertaining, create a welcoming ambiance for guests. The kitchen is a culinary haven, featuring abundant cabinet space, a center island with bar seating, a large pantry, and an adjoining eating area with bay windows that allow for ample natural light. A door from the eating area opens onto the newly refinished patio, perfect for outdoor dining and relaxation. The family room is a highlight, with its vaulted ceilings and a dramatic floor-to-ceiling masonry fireplace, adding warmth and character to the spacious area. On the first floor, there is a bedroom with direct access to a full bathroom, ideal for guests or a home office. The main level also includes a convenient laundry room and dual staircases leading to the second floor. Upstairs, the primary suite is a retreat in itself, featuring a tray ceiling and a large walk-in closet. The en suite bathroom offers a luxurious escape with a dual vanity, a walk-in shower, and a relaxing whirlpool tub. Three additional generously sized bedrooms, each with ample closet space, and a full bathroom complete the upper level. The finished basement adds even more living space, offering a recreation room with the home's second fireplace, a wine cellar, and a second family room fully equipped with surround sound, a projector, and a screen, creating an ideal space for movie nights. The basement also includes an additional bathroom, making it a versatile space for various uses. Outside, you'll find a professionally landscaped yard with storage shed to the side of the home, an adjacent firepit, and the refreshed patio to the rear creating the perfect setup for all activities and large gatherings. The property is conveniently located just minutes away from the shopping and dining options along Route 59, and attends Liberty Elementary, John F. Kennedy Middle School, and Plainfield East High School. With its thoughtful design, prime location, and abundance of features, this home truly checks all the boxes.
Source: MRED #12211327
Interest rate and monthly payment estimated based on public records.
Source: MRED #12211327
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: #12211327
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