991 Valley Stream Dr, Pingree Grove, IL 60140
5 beds · 3 baths · sqft
LOCATION! SIZE! PRICE! PERFECT TRIFECTA! THIS 3059 SF CAMBRIDGE LAKES 5 BEDROOM HOME OFFERS ENDLESS POSSIBILITIES * DEN ON THE MAIN LEVEL CAN SERVE AS AN OFFICE, IN-LAW ARRANGMENT, HOME SCHOOL SPACE OR EVEN A 6TH BEDROOM * RECENT UPDATES INCLUDE: NEW VINYL PLANK FLORING THROUGHOUT THE MAIN LEVEL * NEW GARBAGE DISPOSAL * NEW EJECTOR PUMP * NEW HOT WATER HEATER* OPEN CONCEPT LIVING WITH KITCHEN , EAT-IN AREA AND FAMILY ROOM FLOWING TOGETHER FOR A SEAMLESS LIVING AND ENTERTAINMENT * KITCHEN FEATURES A LARGE 5' PANTRY * TALL 42" CABINETS AND A 5' ISLAND * JUST IMAGINE ENTERTAINING HERE AND SPREADING OUT YOUR CHARCUTERIE ON THIS ISLAND * YOUR GUESTS WILL BE WOWED * STAINLESS STEEL APPLIANCES * FORMAL LIVING ROOM AND DINING ROOM * FAMILY ROOM FEATURES LARGE WINDOWS PROVIDING AN ABUNDANCE OF NATURAL LIGHT * 9' CEILINGS THROUGHOUT THE MAIN LEVEL * MASSIVE 20X20 PRIMARY SUITE FEATURES 2 WALK-IN CLOSETS AND FULL EN SUITE BATH WITH DOUBLE VANITY AND SEPARATE SHOWER AND A SOAKER TUB * LAUNDRY CONVINIENTLY LOCATED ON SECOND LEVEL * ALL 5 BEDROOMS ARE GENEROUSLY SIZED AND 4 OF THEM HAVE CEILING FANS * 2-CAR ATTACHED GARAGE * BEAUTIFUL BACK YARD BACKING UP TO A WALKING PATH * HUGE 30' LONG CONCRETE PATIO PERFECT FOR ALL YOUR OUTDOOR ENJOYMENT * FULL BASEMENT OFFERS EVEN MORE LIVING AND STORAGE SPACE * SHORT DISTANCE TO THE CHARTER SCHOOL AND COMMUNITY CENTER * IDEAL SET UP FOR STUDENTS - WALK TO SCHOOL WITHOUT HAVING TO CROSS THE STREET * ENJOY ALL THE AMENITIES CAMBRIDGE LAKES HAS TO OFFER: CHARTER SCHOOL * COMMUNITY CENTER * FITNESS CLASSES FOR ADULTS * KIDS SPORTS AND DANCE CLASSES * WELL EQUIPPED GYM * BASKETBALL COURT * OUTDOOR POOL * SPLASH PAD * BIKE/WALKING TRAILS * BASEBALL FIELDS * SKATE PARK AND 12+ COMMUNITY PARKS * PONDS * FISHING * KAYAKING * TAKE ADVANTAGE OF THE OPPORTUNITY TO OWN A HOME THAT FITS YOUR LIFESTYLE!
Source: MRED #12258483
Interest rate and monthly payment estimated based on public records.
Source: MRED #12258483
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: #12258483
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.