2970 Buffalo Ln, Normal, IL 61761
3 beds · 4 baths · 3,323 sqft
Welcome to this beautiful and spacious 4-bedroom home in the desirable Eagles Landing community. This custom-built home has been well-maintained and features modern upgrades throughout. When you enter, you'll find an inviting living area with 9-foot ceilings, shiny hardwood floors that create a warm and welcoming feel. Great for entertaining, the main floor also has a formal dining room, a cozy family room and a wet bar. The large kitchen is perfect for cooking, with new appliances updated in 2024 (except for the gas range from 2012), lots of cabinets, and a handy breakfast bar. The main floor also includes an office with French doors making the space feel open and airy. Upstairs, you'll find a spacious master suite with a king-size bed, luxurious whirlpool tub, large closet, double sink vanity, and a fireplace. There are also two more generously sized bedrooms with decent sized closets. The finished lower basement level is ideal for movie nights, with a full bath, open flex room, bedroom, and entertainment area. Recent updates include new carpets upstairs and fresh paint with new fans throughout the house (except in the basement) in 2024. The basement carpet and water heater were updated in 2018. The home has 3 laundry connections, one on each level, with 2 washers and 2 dryers included. Outside, the big backyard is perfect for gatherings and outdoor meals. The home includes a 4-car heated garage (2+2 tandem), plenty of storage space, and a central vacuum system. Furniture is also available for sale for added convenience. **Assumable Mortgage** . Don't miss out on this exceptional home in Eagles Landing. Schedule your private showing today and enjoy luxurious living!
Source: MRED #mrd12168789
Source: MRED #mrd12168789
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: #mrd12168789
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.