39862 Waterloo Dr, Beach Park, IL 60083
3 beds · 3 baths · 2,480 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Two Story Colonial backing to open farmland in Cambridge of Heatherstone! This home offers the perfect blend of light-filled comfort and functional flow in a scenic setting. Head inside to a sun-filled living room that sets the tone with its warmth and welcoming energy-an ideal spot to unwind or entertain, with ample natural light pouring in. From there, the main level unfolds with the kitchen seamlessly connected to the dining area, and family room-creating one large, cohesive space perfect for everyday living and effortless hosting. The kitchen showcases granite countertops, beautiful 42" cabinetry, quality appliances, and a closet pantry that keeps everything organized and within reach. Whether you're preparing a weeknight dinner or a holiday feast, this space delivers. The dining area features sliding glass doors that lead to the backyard patio-perfect for morning coffee, summer grilling, or simply enjoying the views of open farmland. Back inside, a half bath adds convenience and completes the main level. Upstairs, retreat to the expansive primary suite-generously sized and filled with natural light. It features a huge walk-in closet and a private en suite bath complete with a dual sink vanity, a soaking tub, and a separate shower for the ultimate in relaxation. A large loft adds versatility-ideal for a second living space, media area, or home office. Two additional bedrooms-each with their own walk-in closet-offer spacious accommodations for family or guests, while a second full bath and an upstairs laundry room make daily routines feel effortless. The 2-car garage and a shed provided plenty of space for all your storage needs, while the backyard-backing to scenic farmland-offers a quiet, picturesque setting with room to garden, play, or simply enjoy the fresh air. Schedule your showing today
Source: MRED #12335997
Source: MRED #12335997
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.