2179 Hennning Ln, Yorkville, IL 60560
4 beds · 4 baths · 4,136 sqft
Stunning spacious former Kensington model with its highly sought after floorplan is ready to be your new home! Perfect location poised on a beautiful corner lot and facing the park. Entering the home you will be impressed with the natural light, tall ceilings and display of impressive millwork. Gorgeous hardwood flooring has just been refinished on the entire first floor. The formal living room is graced with an abundance of windows shining light on the fireplace, and opening up to a dining room. Perfect area for a quiet sitting area. The recently updated kitchen is sure to delight whatever your culinary desires are! Gorgeous granite, stainless appliances and nice island for all of your creativity. This area opens nicely to a sunroom room and an expansive family room. The sunroom with its unique flat grass ceiling and inlayed ceramic flooring has SGD's leading to deck. A great butlers area set between the kitchen and family room is the perfect addition for entertaining. Impressive family room showcasing a stunning brick fireplace, and built-ins is ideal for any gathering. French doors open to a sun filled office/den area. As you make your way up the open stairway you will find a versatile loft area. Find builder decorated rooms filled with detail from adorable wainscot to gorgeous wallcoverings. Find 2 bedrooms separated by a Jack and Jill bath along with another full bath. You will not ever find a luxury master suite to surpass this one! Your own private retreat with anything you could wish for! Columns separate the sleeping area from the sitting/reading room complete with a fireplace, wet bar and refrigerator. Enormous walk-in closet along with luxury bath make it complete. All of this is located in the stunning Grande Reserve Community featuring a clubhouse, pools, walking paths and green space.
Source: MRED #12152605
Interest rate and monthly payment estimated based on public records.
Source: MRED #12152605
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: #12152605
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.