Prepare to experience unmatched craftsmanship and luxury at 13302 Rosewood Lane-an extraordinary custom-built estate in Plainfield's prestigious Oswego School District. Situated on a beautifully landscaped corner lot, this residence offers a level of refinement, design, and privacy rarely found. From the moment you arrive, the elegance is undeniable. A full paver brick driveway, front entry, and walkways lead you to an impressive exterior with Pella windows, new roof (2022), and magazine-worthy outdoor living spaces. The resort-style backyard features an 800 sq. ft. flagstone and paver patio, full electric, custom wood pergola with lighting, built-in granite outdoor kitchen island with attached grill, brick fireplace, ceiling fan, shed, and a fully fenced yard with aluminum fencing-all overlooking tranquil cornfield views that provide total privacy. Inside, the attention to detail is exceptional. The home showcases French molding, custom wall textures and designer paint, high-end chandeliers, professional floor-to-ceiling drapery, and extensive millwork throughout. On the first Floor, a private office/5th bedroom and 1st floor full bathroom are an asset to the floorplan. The dramatic 2 story (20 foot ceilings) great room features a striking fireplace with wood mantle piece and oak crown molding, creating a breathtaking focal point. The gourmet kitchen is a showstopper- professionally remodeled with Brakur custom cabinetry, two expansive granite islands (including a prep sink), Viking appliances, wine refrigerator, custom backsplash with pot filler, under-cabinet lighting, and a bay window overlooking the serene backyard. A custom wet bar with Brakur cabinetry and beverage/wine fridge. Every element was designed to blend performance with luxury. The formal dining room impresses with a cathedral ceiling and custom trim, while the main-level office/den features rich custom paneling. Crown molding and recessed lighting run throughout the first floor. Retreat to an extraordinary 400 sq. ft. primary suite, complete with an oversized walk-in closet and a spa-inspired bathroom. All bathrooms in the home are finished with copper sinks, adding a warm, elegant touch. The finished basement is an entertainer's dream, offering a brand-new state-of-the-art theater room, extreme high-end sound system, fully hardlined Klipsch speaker system, optional HDMI projection line, billiard room with dart wall. Theater and billiard room walls are fully insulated for superior sound dampening. Basement adds an additional 2,000sf of living space, bringing the whole square footage of the house to 6000sf. Mechanical and security upgrades include: * 2 York furnaces (2020) * 2 air conditioners (2020) * Central humidifier (2020) * Backup generator * CCTV surveillance system with DVR * Professional alarm system with motion & glass breaks (2 panels, $12k+) Car enthusiasts will appreciate the professionally finished garage featuring commercial-grade epoxy flooring, professional garage doors, wall-mounted TV, Chamberlain MyQ smart openers with battery backup, and a 6,000 lb single-post car lift. Additional highlights include professional landscaping surrounding the entire property, specialty trees and fruit trees, custom blinds and valances, recessed lighting, and superior construction throughout. Located minutes from shopping, dining, parks, and I-55, this home offers luxury, privacy, and convenience in one remarkable package. A showpiece property-truly a must-see for the luxury buyer.
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.
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.
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.
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.
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 “Save search” 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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
