425 Woodland Trl, Lindenhurst, IL 60046
5 beds · 5 baths · 3,684 sqft
Get a free consultation call with an expert in the mortgage assumption process.
**STUNNING HOME IN A STUNNING LOCATION** A perfect 10 describes this meticulous home in the Woodland Preserve. A floor plan so open and so inviting, yet warm and cozy in feel. Enter the foyer and just take in the wonderful grand main living area anchored by soaring cathedral ceilings, & skylights. A massive stone fireplace towers at one end of the room creating that cozy feel. The hardwood floors throughout ground this main level space in warmth. A formal dining room and private office make it complete. A FIRST FLOOR MASTER and private ensuite with picturesque views of the backyard woods is a great escape. The ensuite is your sanctuary with heated floors, dual vanities, a walk-in shower and spa like tub. In addition this primary has two custom walk-in closets. The kitchen is so functional with a separate eating area, a breakfast bar at the island, a huge pantry closet and all the wanted updates... granite counters, stainless steel appliances, and a butlers station with tons of extra cabinet space. This additional island makes it the best place for all your entertaining needs. Upstairs are three fantastic size bedrooms with walk in closets, and an adorable shared bathroom. And one of these bedrooms makes a perfect guest suite or princess suite with its own full bath. Downstairs is a newly finished WALKOUT BASEMENT with SOUND PROOF insulation. Nothing was left undone here! Just perfect for playroom fun, movie nights and more family gatherings. Plus this awesome lower level has the wonderful addition of a 5th bedroom, an exercise room and a full bath! No one will ever want to leave! Outside is paradise with an enclosed porch right off the kitchen, a deck, a patio and tons of privacy and breathtaking views of nature. This lot backs to Hastings Lake Forest Preserve perfect for a stroll anytime of day. Just too much to list here. So don't miss this lovely home and the end of lovely Woodland Trail. See you soon!
Source: MRED #12326996
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: MRED #12326996
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.