3615 N Dwight Rd, Morris, IL 60450
3 beds · 2 baths · 1,887 sqft
Discover your dream home in this delightful 3-bedroom, 2-bathroom ranch nestled in a tranquil rural setting. Step inside to a bright and airy living room featuring vaulted ceilings, complemented by updated flooring, trim, and doors throughout. The heart of the home is the expansive kitchen, complete with a pantry and an island, perfect for meal prep and gatherings. Gather with family and friends in the adjoining dining room or relax in the cozy enclosed front porch. The master bedroom is a true retreat, boasting its own full bathroom for added privacy. Two additional bedrooms share another well-appointed bathroom, making this home ideal for families. Enjoy the convenience of a main floor laundry room, adding to the functionality of the layout. The unfinished basement provides ample storage or the opportunity to customize your living space, while the oversized heated 2-car garage ensures plenty of room for vehicles and hobbies. Outside, you'll find a spacious deck overlooking a fenced yard, perfect for entertaining or enjoying peaceful evenings. A handy shed offers extra storage for outdoor equipment. This charming ranch home beautifully combines comfort and country living, making it the perfect place to call home! Water heater 2013, roof, furnace and a/c all approx 10 years old, roof on garage and fence 2021, siding, deck and paint 2024.
Source: MRED #mrd12185169
Source: MRED #mrd12185169
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: #mrd12185169
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.