330 N Dove St, Cortland, IL 60112
3 beds · 3 baths · 1,832 sqft
Welcome to this beautifully upgraded 3-bedroom, 2.5-bathroom home situated on a premium pond lot. Enjoy breathtaking views from the expansive 20x22 Trex deck. The oak kitchen is a chef's dream, featuring a top-of-the-line Electrolux range, pantry, beveled countertops, and stainless steel appliances. Newer LVP flooring is installed throughout the home, and a 40-year warranty roof was added in 2020. Additional windows over the sink enhance natural light and views. The large family room boasts custom wood blinds and upgraded oak railings which add an open feel to the floorplan. The spacious master bedroom features vaulted ceilings, a ventless gas oak fireplace, and a 12x6 walk-in closet. The master bath includes double sinks and a tiled step-in shower. The second floor includes a full bath and laundry with windows, and large walk-in closets in the second and third bedrooms. The full basement is equipped with a passive radon system, two escape windows, a battery backup sump pump, and painted walls and floors. Additional features include a whole house water filter system, an extended garage with built-in shelves and workbench, an oversized concrete driveway, solid 6-panel doors, a Nest thermostat, and smart home features throughout. The basement fridge, custom dry bar, and pool table & light are included. Adding to its appeal, this home is located near a beautiful park and a fun splash pad, perfect for outdoor activities and family enjoyment. This home combines luxury, functionality, and stunning views, making it a must-see!
Source: MRED #mrd12173793
Interest rate and monthly payment estimated based on public records.
Source: MRED #mrd12173793
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: #mrd12173793
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.