4701 Fox Trail Ct, Wonder Lake, IL 60097
4 beds · 3 baths · 2,193 sqft
Why wait for new construction when you can move into this 2 year young home. Beautiful Starling is a desirable two-story home that features an attached two-car garage, four bedrooms, two-and-one-half bathrooms, and a full basement. The foyer opens immediately on the left to a flex room. Past the foyer, the family room, dining room, and kitchen lay in an open concept for entertaining guests or relaxing with loved ones. Up the stairs and straight ahead is a conveniently located full hall bathroom. To the left are two spacious bedrooms that include sizeable walk-in closets. To the right features another bedroom, a laundry room, and the Owner's suite. The Owner's suite features a walk-in closet and private bathroom.The builder prided themselves on building their homes with superior quality and so every home is protected by a 10-year structural warranty. Everything's Included program in all newly constructed homes includes top-of-the-line features. The fully appointed kitchens include Aristokraft cabinets and GE appliances. An exceptional feature is the 9' first floor ceilings, Decorative Rail, LED surface mounted lighting in the hallways and bedrooms, modern two-panel interior doors and colonist trim, vinyl flooring in the kitchen, foyer, powder room, bathrooms, and laundry room, a garage door opener, 30-year architectural shingles and so much more, all of which are included with this newer home. Plus, the Connected Home by Lennar now provides even more convenience and peace of mind for their Customers with the Ring Video Doorbell Pro and Alarm Security Kit. This home is wifi guaranteed with no dead spots and include the most desired home features such as Flo by MoenTM Smart Water Shutoff, MyQ Smart Garage Control, Honeywell Home T6 Pro Z-Wave smart thermostat, Level Touch invisible smart lock, Ring Video Doorbell Pro, and Ring Alarm Security Kit. West Bay is located just west of Wonder Lake, an 816 acre, 3.5-mile-long private lake that features a private gated entry boat launch, a bird island, Lookout Point Park, walking paths located along and throughout the community.
Source: MRED #12183270
Interest rate and monthly payment estimated based on public records.
Source: MRED #12183270
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: #12183270
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