1374 Benton St, Crete, IL 60417
5 beds · 3 baths · sqft
New and improved price. The home is VA and FHA-ready. Visit this grand 7 bedroom, 3 bathroom vintage home that has been beautifully renovated while retaining its character and charm. The open-concept main floor features a dramatic foyer with a new tile floor, a turned staircase, large living and dining areas with gleaming bamboo flooring, and abundant natural light. The kitchen is stunning, with quartz countertops, glass subway tiled backsplash, stainless steel appliances, a breakfast bar with pendant lights, and a walk-in pantry. The fantastic sun/spa room is a highlight, with a vaulted ceiling, windows all around, skylight, hot tub, sliding doors to the patio, and an adjacent full bath and 4th bedroom. Upstairs, you will find a huge master suite with space for a sitting area, 2 reach-in closets, a private bath with granite vanity and double sinks, plus 2 additional spacious bedrooms and a full hall bath. Other home highlights include a brick exterior, dual staircases, curved walls, beveled glass front door, oversized windows, recessed lighting, and French doors. The full basement with exterior access is finished with a rec room, 6th bedroom, an office, and a laundry room. A recently finished extra-large bedroom is also located in the walk-up attic. The home has newer windows, plumbing, 200 amp electrical, furnace and A/C, drywall, Nest thermostat, internet extenders on every level with no dead zones, and lighting. The oversized 2.5-car garage has alley access. The property also features an expansive covered front porch and a fenced yard. This charming home is located in the quaint town of Crete, close to shopping, dining, and the Metra train.
Source: MRED #11871827
Interest rate and monthly payment estimated based on public records.
Source: MRED #11871827
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: #11871827
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.