25207 W Meadowlark Dr, Channahon, IL 60410
4 beds · 5 baths · sqft sqft
Spectacular one owner custom-built ranch home in the Meadowlands! Homes like this are not being built anymore. This all-brick beauty features a large great room with a soaring 12-foot vaulted ceiling, brick wood burning fireplace, and hardwood floors, that extend throughout the main floor. There is also an oversized formal dining room with crown molding and a 12-foot ceiling. The custom kitchen features one of a kind Romar cabinets and has Corian counters and stainless-steel appliances, along with a large eating area. There is a main floor laundry and 3 full baths on this level. The well-appointed master suite has a large WIC and luxurious bathroom with taller ceilings. The other large main floor bedrooms have ample closets and large closets. All the trim is custom and is matched well with the solid core 6 panel doors. The full finished basement has a second kitchen and a full bathroom which is perfect for entertaining in the huge rec room. There is also potential (already finished) for another bedroom. Above the garage is a great related living opportunity in the finished space that has living space, bedroom/office space and ANOTHER full bath. Speaking of the garage, it's got an epoxy floor, room for 3+ cars (36x25), access to the basement and heated floors. But wait, there's more, including Anderson Windows, an unbelievably large walk-in attic (@40x30) that will store everything you own, a well-maintained country sized lot, and a custom stamped concrete driveway. This home was custom built and caringly maintained. Make this the home of your dreams and where your memories are created. Act fast this won't last!
Source: MRED #12156593
Interest rate and monthly payment estimated based on public records.
Source: MRED #12156593
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: #12156593
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.