3695 TAMARACK CIR, Crystal Lake, IL 60012
Welcome to your dream home at 3695 Tamarack Cir in Prairie Grove, IL! This stunning 4-bedroom, 3.5-bathroom residence offers a perfect blend of modern elegance and comfortable living. As you approach, the grand entrance with large front doors welcomes you into a breathtaking foyer featuring a grand staircase and a dazzling chandelier. Step inside to discover high ceilings and stylish modern fixtures throughout. The gourmet kitchen is a chef's delight, boasting a beautiful island that's perfect for entertaining. Adjacent to the kitchen, the dining room is designed for hosting large dinners and creating memorable moments with family and friends. The spacious family room is the heart of the home, complete with a cozy fireplace that invites relaxation. A loft area provides additional living space and a view to the living space below. The master suite is a true retreat, featuring ample space and an en-suite bathroom with luxurious finishes. Three additional bedrooms provide comfort and versatility for family and guests. Step outside to the expansive backyard, where you'll find a screened porch and a patio that are perfect for outdoor relaxation and entertaining. The 3-car garage provides plenty of storage and convenience. This exquisite home combines modern design with thoughtful details, making it a perfect choice for those seeking both style and comfort. Don't miss the opportunity to make 3695 Tamarack Cir your new address!
You may be able to put down less than the total down payment amount of $348,634 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #mrd12106194