3n736 Herman Melville Ln, Saint Charles, IL 60175
5 beds · 4 baths · 3,668 sqft
Dare to compare! Are you looking for a custom home with 5068 square feet with a finished walk-out basement, 5th bedroom, and full bath? Difficult to find .48 acre yard surrounded by mature trees and landscaping that provides TOTAL privacy. UPDATES: Trex deck with rain guard system 2023, custom walk-in closet 2023, roof 2020, tankless water heater 2021, furnaces/ACs 2017 and 2019. From the moment you enter the amazing foyer and see the gorgeous iron spindle staircase and overlook, you KNOW you are home! Vaulted living room, and tray ceiling dining room offer crown molding, wainscoting, and tons of windows! The "Iron Chef" kitchen is a cook's dream with hardwood flooring, upgraded newer stainless steel appliances with custom floor-to-ceiling tiled backsplash with double ovens, gas cooktop, hood, breakfast bar, wine/bar buffet, built-in glass-front corner cabinet. Great first-floor den, powder room, mud room, laundry with cabinetry, sink, and door to outside. HUGE primary bedroom with tray ceiling, fabulous sitting room with fireplace and MASSIVE custom walk-in closet with hardwood flooring and built-ins! BRS 2,3, and 4 share double sink vanity and tub/shower bath (has door to shut). The walkout basement has a wall of windows that brings the outside in, 5th bedroom, bath with ceramic tile to ceiling shower, and exercise/family room area. Newer TREX deck and patio underneath. Fabulous yard for entertaining or adding a pool! Three car garage and cul-de-sac location in wonderful Fox Mill subdivision--easy access to the 5 miles of paved path running thru the subdivision including breathtaking views of the 275 acres of green park space and ponds throughout! Highly rated St Charles Schools with Bell Graham Elementary, Swingset Preschool, and outdoor pool also located within the neighborhood, Minutes to the LaFox Metra commuter train station, downtown St Charles and Geneva close by with restaurant and shopping options! Make memories in the fantastic forever home!
Source: MRED #mrd12157398
Source: MRED #mrd12157398
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: #mrd12157398