VA loan
1 of 48
VA loan
$1,100,000

6919 Inverway Dr, Village Of Lakewood, IL 60014

5 beds · 5 baths · 6,466 sqft sqft

INTEREST BUYDOWN AND SELLER FINANCING available. Welcome to a stunning custom brick and stone estate offering unparalleled seclusion and tranquility on one of the finest wooded lots at the edge of a private cul-de-sac. As you step inside, the expansive open floor plan and breathtaking views of the nature preserve will captivate you. This exceptional home boasts meticulous attention to detail, featuring vaulted ceilings, gleaming walnut floors, upgraded wood trim, 8 ft. doors, crown moldings, and exquisite architectural details throughout. The formal dining room impresses with intricate flooring and a custom-built glass buffet that seamlessly opens to the informal dining area. A beautiful stone fireplace serves as the centerpiece of the main floor living room, adjacent to the gourmet kitchen. The kitchen is a chef's delight, offering a large island, walk-in pantry, maple glazed cabinets with under & over lighting, custom stacked stone backsplash, and granite countertops. Top-of-the-line appliances include an 8-burner stove, built-in side-by-side refrigerator, built-in wine refrigerator, microwave, and a two-drawer dishwasher. Next to the kitchen, the cozy family room leads to a serene sunroom, where you can enjoy views of your private landscape. The main floor master bedroom features a decorative tray ceiling and offers spa-like serenity with views of the nature preserve. The luxurious en-suite bathroom boasts separate vanities, a walk-in shower with multiple jet body sprays, and a whirlpool tub. An extensive master closet with thoughtful design provides ample space for all your needs. The main floor also includes a spacious laundry room with high-end appliances, plenty of cabinet space, granite countertops, and a half bathroom. On the second level, two generous bedrooms share a bathroom with double vanities and granite countertops. The third bedroom includes an area, currently used as an office, a private full bathroom, and two closets for storage. The lower level is an entertainer's paradise, featuring multiple gathering areas. An open staircase leads to a bright two-story atrium with floor-to-ceiling windows, custom window treatments, and remote-control blinds. The focal point of the lower level is the wet bar with ample seating, beautiful countertops, a refrigerator, and a dishwasher. The open concept continues with a game area adjacent to the bar and another family room with a fireplace. Heated floors throughout the lower level add to the cozy ambiance. Wine enthusiasts will appreciate the temperature-controlled wine cellar next to the bar. Movie lovers will be thrilled with the state-of-the-art movie theater, featuring a 4K HD Sony projector and a 7.1 speaker system. A fifth bedroom, currently used as a gym, and a full bathroom complete the lower level, which also provides access to a paver patio with views of the preserve. Outside, you will find a large deck on the main floor and a second patio area to the side of the home, all functionally designed to connect for seamless indoor-outdoor entertaining. Modern technology is integrated throughout the home with a zoned surround sound system, an active monitored video camera security system, and three-node extended Wi-Fi access points. Additional features include two HVAC systems (one brand new), a water filtering system, humidifier, sprinkler system, professionally designed landscaping, and Leafguard gutters. Enjoy access to the stocked lakes at Turnberry, as well as the facilities surrounding the golf club which include an 18 hole golf course, 3 golf simulators, and driving range. Near the new Haligus park that will include pickleball/basketball courts, soccer fields, walking paths and a splash pad. With award winning Crystal Lake Schools, easy access to Rt. 47 and the NW Hospital in Huntley, location can't be beat. This beautifully designed and finished home is a true gem, offering luxurious living in a serene, private setting. Make this exceptional estate your own.

Interest rate 3
2.375%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,901
With Roam
$3,092
Reduce your monthly payments by $1,191 when you assume this mortgage.
You also save $375,309 in total interest paid.

$654,698
Edit

You may be able to put down less than the total down payment amount of $654,698 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Lot size
1.11 acres
Year built
2007
Type
Single Family Residence

Source: MRED #12072567

Loan
Remaining term
26 years, 3 months
Rate
2.375%
Monthly P&I
$1,901
Remaining loan balance
$445,301

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

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.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

expand content

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?

expand content

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?

expand content

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?

expand content

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?

expand content

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.

View all FAQs
Last updated: Nov 21, 2024 12:18 pm
Listing agent: Rosa Rodriguez (847) 217-3218
Listing provided courtesy of: Compass (847) 306-6158
Details provided by MRED and may not match the public record.
MLS ID: #12072567
Based on information submitted to the MLS GRID as of Nov 21 2024 - 13:00. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,901/mo
View details