40 W Highland Dr, Bristol, IL 60512
5 beds · 3 baths · 2,813 sqft sqft
TUCKED AWAY OFF THE BEATEN PATH IS THIS SPECTACULAR 5 BEDROOM 3 BATH ALL BRICK SPLIT LEVEL HOME SITUATED ON A LARGE MATURE QUIET LOT! GREETING YOU UPON OPENING THE FRONT DOOR IS THE GENEROUSLY SPACED FOYER! A FEW STEPS UP AND YOU ARE IN THE LARGE OPEN LIVING SPACE WITH A COZY FAMILY ROOM FEATURING ONE OF TWO FIREPLACES IN THE HOME! ADJACENT TO THE MAIN LIVING ROOM IS THE OPEN KITCHEN WITH PLENTY OF CABINET & COUNTER SPACE INCLUDING AN OVERSIZED BREAKFAST ISLAND AND ADDITIONAL TABLE SPACE AREA! SLIDING GLASS DOORS TAKE YOU OUT TO THE PRIVATE DECK! THE MAIN LEVEL HAS 3 BEDROOMS INCLUDING THE PRIMARY BEDROOM WITH WALL TO WALL CLOSET SPACE AND PRIVATE LUXURY BATH. AN ADDITIONAL BATH IS ALSO LOCATED ON THE MAIN LEVEL. THE LOWER LEVEL IS JUST AS SPECTACULAR! WITH A HUG RECREATION ROOM FEATURING THE 2ND FIREPLACE AND ENTERTAINING BAR AREA YOU'RE ENTERTAINING NEEDS HAVE BEEN ANSWERED! 2 ADDITIONAL BEDROOMS, ANOTHER FULL BATH AND AN OVERSIZED LAUNDRY/WORKSHOP/STORAGE AREA ROUND OUT THE LOWER LEVEL. THE TWO CAR GARAGE SHOULD REALLY BE CONSIDERED 3/4 WITH AN ADJACENT STORAGE/ WORKSHOP ARE THAT OPENS TO THE BACK YARD WITH IT'S OWN GARAGE DOOR MAKING IT EASY STORAGE FOR ALL YOUR LAWN CARE ITEMS. PRIVATE COZY DECK, MATURE LOT AND OPEN BACKYARD ARE JUST A FEW MORE OF THE WONDERFUL FEATURES THAT PUTS THIS HOME ON THE TOP OF YOUR LIST! PLUS THE LOW QUARTERLY FEE IS FOR COMMUNITY WATER USAGE!
Source: MRED #mrd12096763
Source: MRED #mrd12096763
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: #mrd12096763