500 Dancer Ln, Oswego, IL 60543
3 beds · 3 baths · 1,896 sqft sqft
This rarely available three bedroom end unit with a private first floor den may be just what you are looking for! You won't believe what this home has to offer! Wonderful layout with upgraded lighting and engineered hardwood flooring - the only carpeting is on the stairs. Beautiful kitchen with 42 inch white cabinets with pull-out drawers and crown molding, granite countertops, recessed lighting, and stainless appliances (dishwasher new in 2024). Family room with an abundance of natural light and a lighted ceiling fan. Dining room boasts a stone tile accent wall. Immense first floor den or family room with French doors and built-in cabinets with a granite counter. An updated powder room with a granite-topped vanity, a kitchen pantry, and a guest closet are also found on the first floor. Upstairs you will find the perfect primary suite with vaulted ceilings and a luxury bath featuring an oversized soaking tub, separate shower, double vanity, and walk-in closet. All bedroom closets have custom organizers, and two bedrooms have huge walk-in closets. All three bedrooms are large and have great light. Convenient second story laundry with a new washer (2024). Two full baths and a large linen closet round out the second level. The two car garage has ample shelving and a large storage area. This is a fantastic subdivision! The elementary and junior high schools are only one block away. Take advantage of all that Churchill Club has to offer! The clubhouse features a fitness center, game room, business center, community rooms, and a junior Olympic-size swimming pool. There are also tennis, basketball, and volleyball courts, as well as sports fields and playgrounds. This home is minutes away from great shopping, dining, and entertainment options, too! It is truly the best of all worlds, and ready for you to move right in and enjoy! The seller is a licensed real estate broker in Illinois.
Source: MRED #mrd12178193
Interest rate and monthly payment estimated based on public records.
Source: MRED #mrd12178193
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: #mrd12178193