222 Windham Cir, Yorkville, IL 60560
3 beds · 3 baths · 4,518 sqft sqft
Welcome Home to this spacious and tastefully renovated ranch style home situated on a quiet street in Rivers Edge Subdivision. This home offers a perfect opportunity for multi-generational living. You'll fall in love with the open floor plan with soaring ceilings and high-end finishes throughout. The main level offers a large living room with vaulted ceilings and built-in surround sound speakers, a spacious kitchen with granite countertops, maple cabinets, subway tile backsplash, and stainless steel appliances. There is a split bedroom layout with a luxurious master suite, plus two additional bedrooms, a formal dining room, a spacious and elegantly renovated home office with beautiful wainscotting and ventless fireplace, as well as a conveniently located main level laundry room.The fully finished basement is an entertainer's dream or could also be perfect for extended family. The basement also has built-in surround sound speakers and features an incredible 18-foot custom bar with seating for 12, a mini kitchenette with fridge and stove, a large family room, a 4th bedroom, a full bathroom, and two large storage/workshop spaces. There is also an additional finished room that could serve as a second home office, kids play/game room, home gym, or could also be converted to a 5th bedroom with the addition of an egress window. Outside, enjoy your privacy in the fully fenced backyard with tall mature trees and a large brick paver patio. Home has a NEWER ROOF (2019), and the home is wired and ready for a security system with cameras. This home is a rare find in the River's Edge subdivision, which offers a 9-acre park and trails along the Fox River, as well as the Hoover Forest Preserve. You're just minutes from Silver Springs State Park and close to all the fun that downtown Yorkville has to offer!
Source: MRED #12207314
Interest rate and monthly payment estimated based on public records.
Source: MRED #12207314
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: #12207314
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.