901 N DIVISION ST, Harvard, IL 60033
Introducing This Stunning Plaque Historic Home in Harvard! 5 Bedrooms, 3 Bathrooms, 2-Car Garage: Fall in love with this spacious property. Dream Kitchen: Enormous kitchen island with outlets, oven, ample storage. Features a beautiful 6-burner stove, dishwasher, and double oven cabinet. Ideal for both the cook and baker in your family. Main Floor Elegance: Adorned with well-maintained wood flooring and rustic ceramic tile. Family Room: Features a beautiful DECORATIVE fireplace and wooden accents, with sliding doors to the dining room. Versatile Laundry Room: A 12x12 space equipped with a sink, perfect for use as a mudroom equipped for 2 sets of washers and dryers. Open Concept Living and Dining Rooms: Separated by wooden pole features. Charming Study Room: Perfect for an office space. Second Foyer: Ideal for greeting guests. Rustic Bathroom: On the main level with floral ceramic tile, stained glass windows, and a freestanding bathtub. Wooden Stairs: Lead to the upper level. Upper Level: 5 Bedrooms, each with closet space, ample outlets, vintage heat radiators, natural light, and carpeted floors. Spacious 7x12 bathroom with double vanity sink, standing shower, and jet-powered bathtub. Master Suite: 20x18 master bedroom with 11x12 master bathroom. Includes a walk-in closet, natural lighting, and ample outlets. The master bathroom is fully tiled with a standing shower and a jet-powered hot tub. Carpeted Attic: 19x24, partially finished with natural light, two small storage rooms, and potential for a 6th bedroom. Unfinished Basement: Offers potential for use as a workshop. Ample Storage and Rustic Charm: Perfect for those seeking a home with multiple bedrooms and a rustic feel. Don't Miss This Hidden Gem: Ready to become your new home!
You may be able to put down less than the total down payment amount of $83,099 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
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?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #mrd12068708