403 W SOUTH ST, Woodstock, IL 60098
Welcome to 403 W South Street, Woodstock, IL! Are you ready to discover your dream home in one of the most charming and vibrant areas of Woodstock? This delightful residence at 403 W South Street offers everything you're looking for and more. Here's why this 4-bedroom, 2-full-bath gem should be your top choice: 1. Modern Elegance with Timeless Charm - From the moment you step inside, you'll be captivated by the seamless blend of high-end finishes and classic charm. This home has been thoughtfully updated throughout, ensuring a modern and stylish living experience while preserving its inherent character. 2. Spacious and Inviting - Featuring Nearly 1500 Sq ft of living space, these 4 generously sized bedrooms and 2 beautifully appointed full baths, there's ample space for your family to grow and thrive. Each room is designed with comfort in mind, featuring tasteful updates and high-quality finishes that make everyday living feel luxurious. 3. Gorgeous Kitchen and Living Areas - Prepare to be impressed by the updated kitchen, which boasts sleek countertops, modern appliances, and ample storage space. The open-concept layout connects the kitchen to the living areas, making it perfect for both everyday living and entertaining guests. 4. Super Nice 2-Car Garage - The home includes a fantastic 2-car garage, offering plenty of space for vehicles, storage, or a workshop. It's a true asset that complements the convenience and practicality of this charming home. 5. Walkable to Woodstock Square - One of the standout features of 403 W South Street is its prime location. You're just a short stroll away from Woodstock Square, a lively area known for its quaint shops, delightful eateries, and historic charm. Enjoy the vibrant community atmosphere, local events, and the unique character of this beloved neighborhood. 6. Easy Access to Chicago - - For commuters or those who enjoy exploring the northwest suburbs, the nearby train line provides a convenient route to Chicago. The train stops at a selection of picturesque towns along the way, making travel both efficient and enjoyable. 7. A Home Full of Charm -From its welcoming front porch to its thoughtfully designed interior, 403 W South Street is a home that exudes charm and warmth. It's a place where you can create lasting memories and truly feel at home. -Don't miss your chance to own this exceptional property in the heart of Woodstock. Contact us today to schedule a tour and experience the charm and convenience of 403 W South Street for yourself!
You may be able to put down less than the total down payment amount of $114,291 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: #mrd12143482