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8427 Stillwater Rd, Wonder Lake, IL 60097

2 beds · 3 baths · sqft

Welcome to the serene 8427 Stillwater, a meticulously maintained 2 bedroom, 2.5 bath detached townhome that's move-in ready and waiting for you. Modern living is made easy with an open floor plan tailor-made for hosting gatherings, complemented by a separate dining room featuring sliding doors that lead to a charming patio with peaceful pond vistas. Experience the comfort of a warm family room, enhanced with a cozy gas fireplace for those colder evenings. Cooking enthusiasts will delight in the kitchen's recent upgrades, which include a new backsplash, sink, and a convenient touchless faucet. Dimmable can lights set the ambiance throughout the home, while under-cabinet lighting adds a touch of sophistication. Upstairs, unwind in the expansive master suite boasting a separate sitting area-your own private retreat with picturesque views of the pond. The second bedroom is equally spacious, ensuring comfort for all. Modern conveniences such as ceiling fans, a water softener, and a whole house humidifier offer an extra layer of comfort. Not to be overlooked, the home includes a heated 2-car garage and water rights with a pier for outdoor enjoyment. Discover the perfect balance of comfort and tranquility in this impressive property as well as peace of mind with an association that takes care of the exterior maintenance of the property!

Location
Details
Home
Year built
2007
Type
Townhouse

Source: MRED #12123996

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%. 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.

Other resources
Frequently asked questions

What is Roam?

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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?

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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?

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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?

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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?

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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.

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Last updated: Dec 05, 2024 10:26 am
Listing agent: Esther Zamudio (847) 508-7500
Contact listing agent
Listing provided courtesy of: Zamudio Realty Group (847) 608-6600
Details provided by MRED and may not match the public record.
MLS ID: #12123996
Based on information submitted to the MLS GRID as of Mar 11 2025 - 11:19. 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.