24 Marina Dr, Oswego, IL 60543
4 beds · 3 baths · 2,846 sqft
Stunning 2846 SF Ranch on a .56 acre lot backing to the Fox River. Scenic views w/mature trees, lush landscaping. Open floor plan w/skylights, solar tubes, recessed ceiling lights & lots of windows for natural light. Outstanding modern gourmet kitchen rehab with maple 42" cabinets, glass doors, 72'x56" center island, granite tops, high-end stainless appliances: Wolf gas range, B/I JennAir convection/micro/oven combo, JennAir DW, Samsung French door refrigerator/bottom freezer; designer and Halogen lighting, faux wood blinds, ceiling fans in all BRs, LR & SR; Hardwood floors thruout except Travertine floor in foyer, ceramic floor in laundry. Marble, ceramic, & travertine in three remodeled baths (two with whirlpool tubs, one oversized shower, quartz, glass & marble wall-hung vanities. LR/DR w/two-sided fireplace to MBR opens onto a wrap-around deck with covered porch. Eastern morning sun pours into the Sunroom room addition (27x18) w/cathedral pine wood ceiling & full wall of windows offering spectacular River views ('15)! 2nd fireplace in den (and skylight) opens via patio slider to deck. Free-standing gazebo/deck close to water; Newer architectural shingle roof '19, two water heaters, '18; New boxed concrete driveway '23 with extra 43'x11' side parking apron (think motor home, guests); New Trane hi-efficiency direct-vent HVAC w/I-wave air cleaner/purifier '22 (10-year warranty); New Alure 7 water softener '22; oversized two-car garage, outbuilding, seasoned firewood. So convenient to downtown, shopping, and restaurants. Come enjoy the serenity! (Assumable FHA Mortgage on 292K at apx 2.6 interest available).
Source: MRED #mrd12166378
Source: MRED #mrd12166378
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: #mrd12166378
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.