45 Fedor Cir, Bloomington, IL 61705
3 beds · 3 baths · 2,890 sqft
Welcome to your home in the highly desired Heartland Hills subdivision! This beautiful four-bedroom, three-bath ranch boasts contemporary finishes and modern amenities at every turn. Step inside to discover a spacious and airy layout, creating a welcoming ambiance throughout. The beautiful open-concept kitchen has both functionality and style, featuring high-end appliances, sleek countertops, and ample cabinet space. Relax and unwind in the spacious master suite, complete with a well-appointed ensuite bathroom and a very generous walk-in closet space. Brand new living room carpet added in August 2024. Three additional bedrooms offer versatility for guests, home offices, or hobbies, ensuring everyone has their own retreat to enjoy. Descending into the fully finished basement, you will have endless possibilities for this great space.. whether you envision a cozy media room, a home gym, or a play area for the kids, this versatile space can accommodate your every need. Walk outside to a large backyard with a maintenance-free vinyl fence, providing the perfect backdrop for outdoor entertaining. This home is in a perfect location that provides the quiet of a rural setting, and the comfort of city utilities. Heartland Hills subdivision offers a walking path and a community pond stocked for fishing. Conveniently located close to Veterans Parkway, Rivian, and the Bloomington golf courses, this home offers the perfect blend of comfort and style.
Source: MRED #mrd12165983
Source: MRED #mrd12165983
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: #mrd12165983
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.