23557 Airport Rd, Sycamore, IL 60178
3 beds · 2 baths · 1,304 sqft sqft
Settled just outside of town on 1/2 acre, this 3 bedroom, 2 bath ranch home has so much to offer! Great curb appeal with a welcoming front porch! Step inside to the spacious living room with a triple window to enjoy the country views! You will find beautiful hardwood floors throughout most of the main level of the home, including the three bedrooms, all with closets and abundant windows for natural light! The full bath has a tub/shower and its own linen closet. There's room for your dining set in the eat-in kitchen with plenty of cabinetry, counter space, a pantry closet, and all the stainless steel appliances stay! Off the kitchen, through the sliding glass doors, you will enjoy the four-season sun room overlooking the nicely landscaped fenced-in back yard complete with a beautiful in-ground heated swimming pool surrounded by a fabulous patio. So tastefully done! This pool is approximately 22' X 35', has a diving board and spans from 3' - 9' in depth. The storage shed will house your lawn, garden, and pool equipment! The exterior of the home was freshly painted in 2023. The 1.5 car garage will allow you more storage as well! When you finish enjoying the outside activities, there's a finished basement with a family room, entertainment area, 2nd full bath, storage room, laundry, and a possible fourth bedroom, exercise room, office, or craft room. Exterior access to the back yard a plus! No back yard neighbors, close to Sycamore Park and a short drive, bike ride or walk to downtown Sycamore! Close proximity to the Great Western Trail right up the road! A little bit of country with the convenience of being close to town!
Source: MRED #12210562
Interest rate and monthly payment estimated based on public records.
Source: MRED #12210562
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: #12210562
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.