1606 Pickwick Ln, Dekalb, IL 60115
3 beds · 3 baths · 1,730 sqft
A gardener's delight is what you will find in this lovely one-story home in the Rolling Crest Subdivision! This charming brick ranch home features 3-4 bedrooms and 2.5 baths, offering ample space for everyone to enjoy their own space. Step into the inviting foyer with hardwood floors that seamlessly extend into the kitchen area. The formal living and dining rooms, located near the entrance, provide a dramatic yet cozy ambiance. The chef's kitchen is a standout, featuring an oversized breakfast bar, custom cabinetry, and an open layout perfect for entertaining. The adjacent family room, with its stunning stone gas fireplace, enhances the warmth and charm of the space. For a relaxing experience, step into the sunroom, which offers easy access to the lush backyard with its vibrant greenery and vegetable gardens. The backyard is a serene oasis, complete with a newly painted deck, a small arbor, and a newer shed for yard tools and toys. The bedrooms are located down a quiet hallway, with each one being spacious and featuring ample closet space. The hall bathroom, recently updated, includes a walk-in shower. The primary bedroom overlooks the backyard and boasts an ensuite bathroom with a double vanity and a luxurious soaker tub, creating a private retreat. Both bathrooms feature heated flooring for added comfort. The finished basement offers a range of versatile spaces. The laundry room/workshop area is ideal for woodworking enthusiasts, while the mechanical/utility room is conveniently located near a half bath and a tranquil yoga/meditation room. (This room can easily be converted to a 4th bedroom). The basement also includes a theater room, perfect for family movie nights, and a bar area for additional entertainment. Updates to the home include a new roof (2013), basement remodel (2013-2014), HVAC system (2015), garage door (2017), bathroom remodels (2019), sunroom makeover including new windows (2020), water line replacement (2021), basement yoga room (2022), and an attic fan (2022). Conveniently located near schools, shopping, NIU, and with easy access to the interstate. This home is a true gem in a well-established neighborhood!
Source: MRED #mrd12146206
Source: MRED #mrd12146206
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: #mrd12146206
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