22w250 Woodview Dr, Medinah, IL 60157
3 beds · 2 baths · 1,748 sqft
Welcome to 22W250 Woodview Dr, in highly sought after Medinah IL. Known for its world renowned golf course and spacious living, Medinah is a great place for all walks of life! This spacious three bedroom, two bathroom, all brick ranch is nestled on a large half acre lot. Backyard features a custom paver brick patio with retaining wall that contains built in LED lighting, over looking landscaped backyard with trees lining property for privacy. Yard also has built in brick fire pit. Home features refinished hardwood floors throughout the entire home, plus two large living spaces. Front living room boasts large front windows, for a beautiful view and a wood burning fireplace. Great room/family room was recently remodeled, with 10ft vaulted ceiling, recessed LED lighting, large sliding glass door to paver brick patio, and open to kitchen space with built in bar for a great entertaining space. Kitchen features all stainless steel appliances, granite countertops, and lots of cabinet space for storage. Both bathrooms were recently remodeled. Fresh paint throughout entire home in neutral colors. 2 car attached heated garage with 14 ft. ceiling and newly installed side mount door opener with WIFI capabilities. New roof (complete tear off) with high end material installed in 2021. New oversized hot water heater installed in 2023. Furnace and A/C units recently serviced. Tuckpointing on home done in 2024. Driveway freshly seal coated 2024. New Large aluminum storage shed for extra storage space. Gutter downspouts buried and routed for proper drainage with pop-ups.
Source: MRED #mrd12135655
Source: MRED #mrd12135655
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: #mrd12135655