7422 Seminole Dr, Wonder Lake, IL 60097
3 beds · 2 baths · sqft
Stunning Updated Raised Ranch with 3 Bedrooms, 2 Full Bathrooms, and Expansive Living Space! Welcome to this beautifully updated raised ranch offering a perfect blend of style, comfort, and functionality. With 3 spacious bedrooms, 2 fully renovated bathrooms, and countless recent updates, this home is ready for you to move right in! The heart of the home is the chef's kitchen, featuring sleek white shaker cabinetry, gleaming granite countertops, and stainless steel appliances. There's plenty of counter space for meal prep, and the kitchen seamlessly flows into the open dining area with sliding glass doors leading to a large deck-perfect for outdoor entertaining and enjoying the view of your backyard. Throughout the home, you'll find gleaming wood laminate floors and tons of natural light, creating a warm, inviting atmosphere. The master bedroom and second bedroom are conveniently located across the hall from the updated full bathroom, which boasts an upgraded vanity and a beautiful tub/shower combo with custom tile surround. The lower level is a true highlight, offering a massive recreation room with ceramic tile floors, a built-in bar, and a second upgraded full bathroom. You'll also find a spacious third bedroom, perfect for guests, family, or a home office. Step outside to the fenced-in yard, complete with a firepit and a large patio area, ideal for hosting gatherings or enjoying quiet evenings under the stars. This home has been meticulously maintained with Tons of updates, including: New roof, siding, gutters, and fence (2021) New furnace (2019) New water heater and water filtration system (2018) Insulated, drywalled garage with a new door (2017) Majority of doors and windows replaced throughout the home With so many updates and thoughtful touches, this home offers comfort and peace of mind for years to come. Schedule your showing today!
Source: MRED #12218763
Interest rate and monthly payment estimated based on public records.
Source: MRED #12218763
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: #12218763
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.