925 Kensey Ct, Plano, IL 60545
4 beds · 4 baths · 3,336 sqft
Custom built home with 4 bedrooms(on the main level), 3 car garage, 3,336sq ft on 1 acre. Concrete driveway leads up to the front covered porch and a extra deep 3 car garage. Upon entry vaulted ceilings, gas/wood burning fireplace with a beautiful mantle, bay windows letting the natural light shine in to the Great room. Kitchen offers new stainless steel appliances, granite countertop, hickory cabinets, built in pantry, cooktop, stools to pull up to the counter for entertaining, and eating area with built in benches. Screened porch off the kitchen leads to the deck looking out over the yard. On one side of the home is the master bedroom with a private bath including a jacuzzi tub, separate shower, walk in closet, 2 sinks with one having a vanity built in. 2nd bedroom would make a nice office being next to the master bedroom. 3rd and 4th are on the other side of the house with a full bath. A perfect set up for in law living. Second floor has sky lighting in the huge loft and family room. Unfinished attic space could be converted to an additional bath and bedroom. Gigantic basement with a possible bedroom or office off the stairs, open finished space, and a workshop/utility room leading out to the backyard. In the yard is a double sized shed that can hold everything for your outdoor needs. Quiet and peaceful cul de sac block. No HOA or SSA.
Source: MRED #12088286
Interest rate and monthly payment estimated based on public records.
Source: MRED #12088286
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: #12088286
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