2990 Blackstone Dr, Decatur, IL 62522
3 beds · 4 baths · 4,256 sqft
Pull up to this charming cape cod and admire it from the street. Meander down the drive across the expansive front lawn! 1.94 acres in total! You enter into the VAULTED foyer and notice the perfect floor plan for a family gathering or parties for your friends! The dining room is vaulted with a DOUBLE-SIDED FIRELACE that shares with A CEDAR VAULTED family room! Both are adjacent to the CUSTOM KITCHEN with leather GRANITE COUNTERTOPS, STAINLESS APPLIANCES and EAT IN ISLAND WITH GARDEN SINK and tons of handsome cabinetry! In addition, there's an exquisite SUNROOM that opens to the perfect SCREENED PORCH and a large deck overlooking the SHARED POND! Throughout this home you'll notice the CROWN MOLDING, HANDSOME HARDWOOD FLOORING and exquisite one-of-a-kind windows with intricate glass work! They are UNBELIEVABLE! The master is HUGE with a DOUBLE WALK-IN CLOSET and TWO BATH AREAS! Upstairs is the perfect haven for the kids with 2 LARGE BEDROOMS with AN ENORMOUS LOFT AREA between the two.
Source: MRED #12097946
Interest rate and monthly payment estimated based on public records.
Source: MRED #12097946
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 30-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: #12097946
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.