2469 N 41st Rd, Sheridan, IL 60551
3 beds · 4 baths · sqft
Step inside or stay outside to enjoy everything that comes along with owning this home. Nestled in the woods, surrounded by a few homes, on a bluff you will find 2469 N 41st Rd Lot 14. Walk up onto the front porch and you will see two entrances. Step into the mud room, which is a shared laundry room. Take your shoes off and hang your coat up with ease while sitting on the hand-crafted bench and the installed coat hooks. Walk out into an attached 3 car garage with abundant workspace. There is a gas hook up to add a heater if desired. If you decide to enter the house through the second door you will walk into the most welcoming dining room kitchen combo. Enjoy cooking in the kitchen with beautiful granite countertops, stainless-steel appliances, and larger windows to appreciate the scenic view. Washing dishes will be more enjoyable with the deep island kitchen sink. Store all of your groceries, and what else you desire in the spacious, updated pantry. The living room has ample natural lighting due to the incredible number of windows. Walk out the back door to an outdoor oasis. Imagine having your morning coffee or unwinding after a long day out on the deck looking out at the amazing scenery. Up on the second level you will find three bedrooms, and a full bathroom. The master bedroom has a gorgeous bathroom ensuite, with a walk-in steam shower, double vanity, a whirlpool jacuzzi, and a walk-in closet. But wait... there's more! Head up the stairs from the master bedroom to a heated widow's walk and cupola that allows you to really take in the nature surrounding the home. Going down to the walkout style basement you will find sufficient storage and living space. Imagine hosting events, with the extra kitchen space. There is a sink, and refrigerator, and a gas hookup to add a stove. The full bathroom is nothing short of fabulous. With mood lighting, and magnificent tile work. The walk-in shower has an overhead shower head, and your standard. Outside there is a concrete stamped patio to add patio furniture, or a possible bonfire. There is a PVC sleeve under the concrete to add a gas bonfire pit if you would like. Do not wait to schedule a tour of this property, to see all of this and more!
Source: MRED #12218473
Interest rate and monthly payment estimated based on public records.
Source: MRED #12218473
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: #12218473
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.