6908 Spruce Ct, Wonder Lake, IL 60097
3 beds · 3 baths · 1,892 sqft
Seller offering FOUR THOUSAND CLOSING COSTS CREDIT! Use to BUY DOWN INTEREST RATE! This rare Sienna model offers exceptional value with ZERO down financing options available, along with HomeReady and Home Possible programs, making homeownership more accessible. Built in 2022 it includes all major appliances it's MOVE-IN READY! PLUS there's a one-year HOME WARRANTY! This home also offers a RENT-TO-OWN OPTION! This like-new home features 3 bedrooms, 2.5 bathrooms, a loft, and 9-foot ceilings on the first floor, with a total of 1,892 square feet of living space. The open-concept design is perfect for entertaining and everyday living, with a spacious kitchen boasting quartz countertops, a large island with seating, 36-inch designer white cabinetry, stainless steel appliances, and a walk-in pantry. Upstairs, the primary suite offers a private bath with dual sinks and a walk-in shower, plus 2 additional bedrooms, a full second bath, and a convenient walk-in laundry room. The versatile loft provides extra space for an office, playroom, or guest area. Enjoy easy-care luxury vinyl plank flooring throughout the main living areas and modern smart home technology, such as a video doorbell, smart thermostat, and smart light switches. Located in the Stonewater community, this home offers access to walking trails, a serene pond, waterfalls, and a future fitness center. Outdoor living is enhanced with a large, fully sodded yard and front porch, perfect for relaxation. Enjoy weekends skiing or tubing at nearby Wilmot Mountain or dining at Wisconsin supper clubs. Also close to the Chain O'Lakes and Lake Geneva, with easy access to major routes like Route 120, Route 31, and Route 47. Enjoy modern living without the wait for new construction!
Source: MRED #mrd12130960
Source: MRED #mrd12130960
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: #mrd12130960
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.