151 Rosewood Dr, Streamwood, IL 60107
5 beds · 4 baths · 4,023 sqft
Discover this beautifully updated Westchester model in the highly sought-after Sterling Oaks subdivision. With approx 4000sf all sun-filled rooms and one of the best outdoor spaces to relax or entertain, offering a perfect blend of luxury and comfort. The rare pond view, miles of walking paths, and meticulously designed outdoor oasis set this property apart. Expansive floor plan with high-end finishes throughout, including Italian tile work, dentil crown moulding, custom wrought iron railings on the dual staircases, granite countertops, SS appliances (in both kitchens) The main level kitchen features a breakfast bar, kitchen island, and a large eating area that opens to the deck with patio gazebo. The separate dining room provides an elegant space for formal gatherings, while the family room fireplace serves as a cozy focal point on the main level. The extended family living space / in-law suite in the walk-out lower level boasts a private exterior entrance, stunning modern kitchen, larger island, dining area, open floor plan with wet bar, sitting room, spacious bedroom with 2 large double closets, plus another spa-like bathroom. Extended stamped concrete patio over looking the pond is ready for your hot tub too - 220a electric already installed, built in firepit and room for plenty of outdoor furniture - even a hammock. All major improvements have been thoughtfully handled for your peace of mind including: 2019: Tear-off roof. 2020: Patio, deck, and all main level flooring. 2021: Stainless steel appliances. 2022: Bathrooms, hot water heater, washer & dryer, second-level flooring, and exterior doors. 2023: lower level. Don't miss your chance to enjoy the perfect blend of luxury indoor living and a breathtaking outdoor retreat in one of Streamwood's most desirable communities!
Source: MRED #12215601
Interest rate and monthly payment estimated based on public records.
Source: MRED #12215601
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: #12215601
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.