Custom-Built Home in Desirable Wallin Woods! This beautifully maintained home offers a MAIN floor primary suite with 3 more spacious bedrooms on the second level. 3 full bathrooms and 1 half bath, plus a 5th bedroom in the expansive finished basement. The impressive family room showcases a stunning two-story brick gas fireplace and soaring 16 foot vaulted ceilings. Beautiful hardwood flooring flows throughout the kitchen and foyer. The kitchen is highlighted by gorgeous granite countertops and a granite backsplash and stainless steel appliances. The kitchen features beautifully painted solid oak cabinetry, combining timeless craftsmanship with an updated aesthetic. Throughout this custom built home you'll appreciate the quality craftsmanship in the solid oak doors throughout. The MAIN level primary suite features en-suite bath with a jetted soaker tub, dual sinks and a separate shower. The large finished basement includes a fifth bedroom, full bathroom, a large recreation room with a 80" OLED tv professionally mounted and staying with the home, the recreation room is also wired and ready for a surround sound system, next to the rec room is a game room which can also be an additional home office, or fitness area. Plus a additional room being used as a second office. Outside is a beautiful professionally landscaped yard and oversized custom patio, custom swing set & vegetable garden. Additional updates include a newer water heater, newer sump pump with battery backup, and newer ejector pump. Conveniently located just steps from downtown Plainfield, close to local dining, boutique shopping, and community events. This exceptional Wallin Woods home combines quality custom craftsmanship, thoughtful updates, and an unbeatable location-don't miss the opportunity to make it yours!
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.
