1705 BAYBERRY LN, Pingree Grove, IL 60140
Model Home Perfection! Step into the popular DEARBORN model, thoughtfully designed with over 2,400 sq ft of living space to accommodate a wide range of lifestyles. The OPEN-CONCEPT layout seamlessly connects the kitchen, dining, and family room, making it ideal for both everyday living and effortless entertainment-all while offering picturesque views of the backyard. The designer kitchen features sleek light gray cabinets set against blue paint for a dramatic look, a central island, modern lighting, a walk-in pantry, and all SS appliances. Patio doors lead to a beautifully updated, semi-private backyard with a 35 x 15 stamped concrete patio and a sidewalk that extends to the front of the house. A covered Pergola adds an inviting space for shaded outdoor relaxation. Plus, the home backs up to a serene 60' easement, ensuring privacy from backyard neighbors. On the main level, a FLEX room offers endless possibilities-whether you need an office, a playroom, or a formal living space, this room adapts to your needs. Upstairs, the expansive primary suite offers a luxurious retreat, complete with a spa-like bath featuring dual vanities, a 5' walk-in shower, and a private commode room. Three additional spacious bedrooms, each with ample closet space, share this level, along with a conveniently located laundry room. Built less than 5 years ago, this home offers neutral decor, 9' ceilings, updated lighting, and a stunning yard. The home is completely move-in ready! And with no SSA tax in this neighborhood, you'll enjoy savings on your tax bill. RECENT UPDATES include extended driveway, NEW dishwasher, light fixtures, ceiling fans in all rooms, wall board treatment, and paint. Located in Parkside of Cambridge Lakes, just a short walk to the park and baseball fields, you'll also benefit from an array of fantastic community amenities: Cambridge Lakes Charter School, Community Center, Adult fitness classes, Kids' sports and dance programs, Well-equipped gym, Basketball court, Outdoor pool and splash pad, Bike and walking trails, Baseball fields and skate park, community parks, ponds, fishing, and kayaking Ready to see it for yourself? Schedule your tour today!
You may be able to put down less than the total down payment amount of $179,893 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #mrd12139288