36707 N Old Woods Trl, Gurnee, IL 60031
4 beds · 3 baths · 4,854 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Classic, Castlewood, Colonial located on a private setting in coveted Brookside Estates. Step through the front entryway to a large foyer with grand staircase & massive arch window. Elegant living room sets the tone for warm conversations & lovely music. Cooks kitchen boasts center island, spacious counters, tall cabinets, large eating area... and opens to a great family room with transom windows and eye-catching brick fireplace. The cozy den with french doors is the perfect home office. Formal dining room, with adjacent butler's pantry, awaiting life's special events. Retreat to the primary ensuite, featuring vaulted ceilings, transom windows, jetted tub, private shower, & walk-in closet. Four more generous sized bedrooms throughout. Dual staircase, nine foot ceilings and hardwood floors cover the first floor. The lower level offers a sprawling recreation room, game area, & kitchen-style wet bar. Entertain on your updated deck that over looks a manicured yard with raised garden beds, underground sprinkler system, and mature tree-line that abuts to the cherished local bridal trail. Add'l features: 2013 hardwood floors in foyer, living room, & dining room, 2014 Rainbow Play System & washer/dryer, 2016 three Evergreens, Red Oak Tree & River Birch Tree, 2017 Jacuzzi J-365 Hot Tub, 2019 Invisible Fence, 2019 carpet & paint LL, 2020 two Carrier Compressors & two Ecobee Thermostats, 2021 sump pump, exterior house painting, new roof, new siding & new blinds in all 2nd floor bedrooms, 2022 2X Payne furnaces & kitchen refrigerator, 2023 electric car charger (garage). Easy access to major highways. Close to shopping, restaurants, and employment. Enjoy the clubhouse, park, playground, tennis courts, nearby bike/hike trails & pond.
Source: MRED #12319753
Source: MRED #12319753
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 and Equal Opportunity Act.