5305 Meadowbrook St, Plainfield, IL 60586
4 beds · 2 baths · 1,747 sqft
Welcome to 5305 Meadowbrook St, a beautifully updated 4-bedroom, 2-bath home in the heart of Plainfield! This home has been thoughtfully upgraded with modern touches throughout, creating a bright and inviting atmosphere. As you step inside, you'll immediately notice the brand-new lighting fixtures in the entryway and hallways, enhancing the home's stylish appeal. The kitchen shines with elegant granite countertops (2019), offering a sleek and functional space for cooking and entertaining. Both bathrooms were updated in 2019, providing a fresh, modern look. Upstairs, brand-new doors (2025) add to the home's polished feel, while a new front door (2024) enhances its curb appeal. Essential updates include a new roof (2019), water heater (2019), and appliances (2019), ensuring reliability and peace of mind for years to come. Step outside to your private backyard oasis, featuring a brand-new stamped concrete patio (2023) and a beautifully crafted built-in pergola (2024). Whether you're hosting summer barbecues, enjoying a morning coffee, or simply unwinding after a long day, this outdoor space is designed for relaxation and entertainment. This home's prime location just one block from Route 59 puts you minutes from an abundance of shopping centers, restaurants, gyms, and grocery stores, offering unparalleled convenience. Additionally, quick access to I-55 makes commuting effortless, providing direct highway access to surrounding areas. With its modern updates, bright and spacious interior, incredible outdoor space, and unbeatable location, this home is a true gem in Plainfield. Don't miss out on this fantastic opportunity-schedule your private showing today! **Multiple Offers Received. Calling for highest and best by Saturday at 8pm! Quick Close Highly Preferred!**
Source: MRED #12323992
All values shown are estimated costs / mo.
Source: Public records
Source: MRED #12323992
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 of Equal Opportunity Act.