421 Raintree Dr, Oswego, IL 60543
5 beds · 3 baths · 3,006 sqft sqft
**Charming home with a spacious open floor plan, inviting family room featuring a fireplace, bright kitchen with granite countertops, and a luxurious master suite, all enhanced by recent updates!** Welcome to this beautifully updated 5-bedroom, 2.1-bathroom home in the desirable Highlands of Ogden Falls subdivision! This home features a spacious open floor plan with soaring ceilings, a cozy family room with a newly updated fireplace, a sun-filled kitchen with new granite countertops, stainless-steel appliances, and a freshly painted sunroom. The first floor includes a private office with double French doors, while the master suite offers custom cabinetry, a dressing area, and a large walk-in closet. Additional updates include new flooring, light fixtures, a refinished staircase, new siding, A/C and furnace, Eco Bee temperature control, security doorbell, and a digital entry keypad. Conveniently located near shopping, dining, and major commuting routes like Route 30, Route 34, and Route 71, the home is also within the boundaries of highly regarded schools such as The Wheatlands Elementary School, Bednarcik Junior High, and Oswego East High School. The basement awaits your finishing touch to make it your forever home!
Source: MRED #mrd12193605
Interest rate and monthly payment estimated based on public records.
Source: MRED #mrd12193605
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: #mrd12193605