315 E Sangamon Ave, Rantoul, IL 61866
4 beds · 2 baths · 2,476 sqft
Over 3,000 square feet of bold character, timeless details, and unexpected space-this historic beauty isn't just a house, it's the home you've been waiting for! Step onto the enclosed front porch and into a space that instantly feels like home-warm, welcoming, and full of character. Inside, it's all about statement features-soaring ceilings, rich walnut and oak trim, hardwood floors, and a wood-burning fireplace that anchors the living space with warmth and charm. French doors open to a classic dining room, ready for your next dinner party or cozy night in. The kitchen delivers on function and style with two pantries and a convenient half bath tucked just off to the side. Upstairs, you'll love the smartly placed second-floor laundry (no more hauling baskets!), plus a dreamy master bedroom with its own balcony. The bathroom is complete with a whirlpool tub, perfect for end-of-day unwinding. Need more space? You've got it. A finished attic with an extra bedroom gives you options-guest room, office, playroom, you name it. Downstairs, the basement brings even more versatility with two separate living areas, loads of storage, and a workshop for weekend projects. Out back, the shaded yard offers room to relax or entertain, plus an 8x10 storage shed with a solid concrete floor. This is not your average home-it's a rare mix of history, heart, and plenty of space to live your story. Don't miss it. Schedule your showing today.
Source: MRED #12329203
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: MRED #12329203
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.