2665 Caliendo Cir, Montgomery, IL 60538
4 beds · 3 baths · 2,096 sqft
Welcome to Lakewood Creek! This 4 Bedroom, 2.5 Bathroom home is situated on a beautiful lot with a pond view. Enjoy the prairie and pond scenery while spending time in the fully fenced yard! Less than 1/4 mile from the pool & clubhouse! The main level consists of a formal dining room, a living room with French doors that open to the family room, kitchen with an island and eating area. The family room is wired for surround sound & Direct TV. The entertainment system and TV mount will remain with the home. The kitchen has sliding glass doors that open to an awesome backyard, great for entertaining with pond views. The upstairs features a beautiful oak staircase with iron balusters that lead to all 4 Bedrooms, 2 full bathrooms and laundry. The Primary Bedroom has an en suite with double sinks & skylight with abundant natural light, as well as a walk-in closet. All bedrooms have solid oak 6 panel and bi-fold doors. The basement is a full, unfinished basement with rough-in for a future bathroom. The home is being sold AS-IS. There are plenty of walking paths in the neighborhood as well as 2 parks. Low HOA. Great location! Close to I-88 and Orchard Road. Plenty of shopping and restaurants nearby. Montgomery Police Department & Stuart Sports Complex and dog park are all at the subdivision entrance off of Rt. 30!
Source: MRED #mrd12129244
Source: MRED #mrd12129244
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: #mrd12129244
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.