1636 Bayberry Ln, Sycamore, IL 60178
5 beds · 4 baths · 2,800 sqft
LOCATED ON A CUL-DE-SAC WITH USE OF THE WOODGATE ASSOCIATION'S POOL, CLUBHOUSE, TENNIS & BASKETBALL COURTS! This almost 3000 sq. ft. of living space 2 story home is a gem! Boasts 4-5 bedrooms, 3.5 bathrooms and a 2 car attached garage. Generous room sizes and a couple of great surprises once you get inside. Upon entering, features a large living room, dining room, then follow through to the kitchen with separate breakfast area looking onto the family/rec room with wood burning fireplace. Step up into the (2010 addition) main floor bonus room, or in-law suite. Within the in-law suite is the laundry closet and behind one of the doors you'll find the 5th large bedroom/sitting room and full bath. This addition has patio doors leading to the 9x9 deck. Just off the deck is the "surprise room"! Separate garden room or just a room for solace and reflection away from everyday hub bub! Second floor living boasts 4 generous bedrooms, and full bath. Primary bedroom has double closets, and master bath. In the evenings you can sit on the privacy of the front porch. Enjoy the amenities that the Woodgate subdivision has to offer like tennis courts, clubhouse, park and swimming pool! All located on a quiet cul-de-sac. Conveniently located between Sycamore & DeKalb! Easy access to Peace Rd or RT 23 for commuters, shopping, restaurants, and convenient to NIU. Don't miss out on this home! Some new windows in 2022. Being sold AS IS, quick closing desired. Make your appointment to view today!
Source: MRED #mrd12127795
Source: MRED #mrd12127795
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: #mrd12127795
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.