3315 Venice Ave, Mchenry, IL 60050
3 beds · 2 baths · 1,200 sqft
Discover this beautifully updated channel-front home in the thriving community of the McHenry Riverwalk. This house blends modern comfort with fabulous water views and the picturesque charm of indoor and outdoor living on the Chain O'Lakes. There are fresh updates throughout such as a newer kitchen with SS appliances, granite counters and custom cabinetry. Relax in the family room and enjoy the views. The main floor oversized primary bedroom offers convenience and has its own access to the expansive deck. There is also a full bath on this floor. Upstairs are 2 more roomy bedrooms and the second full bath. All 3 bedrooms are graced with beautiful hardwood floors. The expansive deck invites you to relax and entertain while soaking in the best water views in the area or gather around the fire pit at the water's edge. The home has a fresh coat of paint both inside and out and newer windows, patio doors, front entry door and A/C. A brick paver walk-way takes you to your newer pier, the included Tritune Max Boat Lift 7000# electric with 2 key fobs and 28' grey canopy. Pier chairs and swim ladder are also included with this listing. Storage shed has electricity. There is plenty of parking for numerous vehicles and the garage has an upper loft area to store your water toys, etc. Whether you're seeking tranquility by the water or the buzz of a lively community, this home offers the best of both worlds. Don't miss the opportunity to make this channel-front oasis your own!
Source: MRED #12212814
Source: MRED #12212814
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: #12212814
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.