3724 Tamarack Cir, Crystal Lake, IL 60012
4 beds · 4 baths · 3,207 sqft sqft
Idyllic Living at Barreville Ridge Estates. Nestled within the serene landscape of Prairie Grove, this extraordinary home offers a sprawling acre of land that promises unparalleled privacy and breathtaking views. This is a once-in-a-lifetime opportunity to own a beautiful residence that truly is a treat for the senses. For the avid gardener, this property is a dream come true, featuring mature fruit trees, lush berry bushes, thriving grape vines, and a dedicated fenced garden area. Whether you're hosting gatherings or simply enjoying the peace and tranquility, the huge deck with a paver patio is perfect for barbecues, morning coffee, or evening drinks. Adding to the charm is a gazebo, equipped with electric hookups, a ceiling fan, and a beverage fridge-an ideal spot for outdoor relaxation. Inside, the home boasts 4 spacious bedrooms and 3.1 full baths. The finished basement includes an additional full bath, offering plenty of space for guests or recreation. On the main level, you'll find versatile spaces for an office, exercise room, or extra storage. A lovely sunroom completes the picture, providing a perfect spot to soak in the natural beauty that surrounds this unique property. Schedule an appointment now!
Source: MRED #mrd12152233
Interest rate and monthly payment estimated based on public records.
Source: MRED #mrd12152233
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.
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: #mrd12152233