466 Deerfield Dr, Oswego, IL 60543
4 beds · 4 baths · sqft
Fantastic opportunity to own a recently built home in Deerpath Trails -No waiting to build! This stunning four-bedroom, three-and-a-half-bathroom home, built just a few years ago, offers modern living with an open floor plan perfect for both relaxation and entertaining. As you step inside, you are greeted by spacious, light- filled rooms that seamlessly flow from one area to the next. The main living area boasts high ceilings, large windows, and sleek finishes that create a bright, airy atmosphere throughout. The gourmet kitchen is a chef's dream, featuring stainless steel appliances, a large island with seating, and ample cabinet space. The adjoining living and dining areas are perfect for hosting family and friends, while a cozy fireplace adds a touch of warmth and charm. Convenient first floor office space. The master suite is a true retreat, offering a private oasis with a luxurious en-suite bathroom complete with a soaking tub, walk-in shower, dual vanities, and a spacious walk-in closet. Three additional well-appointed bedrooms provide ample space for family or guests, with two additional full bathrooms offering modern fixtures and finishes. A convenient half bath is located on the main level for guests. Outside, the backyard provides a perfect space for outdoor gatherings with a fantastic deck. Located in a desirable neighborhood with easy access to local amenities, schools and parks, this home blends contemporary style with comfort, making it an ideal choice for modern living.
Source: MRED #12218163
Interest rate and monthly payment estimated based on public records.
Source: MRED #12218163
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.
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: #12218163
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.