283 N Blue Jay St, Cortland, IL 60112
3 beds · 3 baths · 2,488 sqft sqft
MOVE-IN CONDITION! Full Solar System. New Roof 2017. Radon Mitigation. Looking for lots of new! Country feel, yet near everything that you need. A wonderful home for those who want a lot of space for everyday living and entertaining. This 3 bedroom, 2 full baths and 1 half bath, 2 story home has recently been updated and has it all for you! Don't miss this beauty that has more square footage than many new subdivisions! Here's the very extensive improvement list completed recently. Whole house freshly painted walls, doors and trim throughout. Beautiful neutral luxury vinyl plank flooring in the kitchen and eat-in area, bathrooms, laundry room, foyer and hallways. New window screens, smoke detectors and carbon monoxide detectors. New carpeting and lush padding in living room/ dining room combo, family room, bonus room, 2 additional bedrooms and master suite and large walk-in closet. The master suite also features a stylish new vanity countertop, new sink and toilet and the other 2 bathrooms have new toilets. Need a 4th bedroom? Convert the loft with a closet into a large BR with lots of room or use as a bonus room! New dishwasher and range hood. Kitchen appliances include stove, refrigerator and washer and dryer. Laundry room is conveniently located upstairs near all bedrooms. Air duct and dryer vent cleaning and sanitation serviced by professional provider. Oversized 2.5 car garage with newly painted garage door. New driveway seal coating. Attractive front yard landscaping and flowerbeds. New outdoor lantern light fixtures and a motion light fixture. The back yard is perfect for get togethers, relaxing, and a variety of outside activities. Enjoy low electric bills due to solar panels. Full solar system will be paid by seller at closing. Beautiful back yard views! Charming neighborhood with playgrounds, walking trails, and bus service for nearby school. Minutes from I88, shops and restaurants and more amenities in Cortland and Sycamore. Just move in! Enjoy your new home knowing that so much has already been done for you!
Source: MRED #12192438
Interest rate and monthly payment estimated based on public records.
Source: MRED #12192438
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: #12192438
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.