Welcome home to an expansive 4BR, 2.5BTH, nearly 2500 SqFt two-story oasis on a premier 1/3 acre corner lot! This stately brick and vinyl residence offers a thoughtfully designed living space, perfectly blending modern comfort with timeless vintage character. A classy paver driveway and walkway lead you past the covered front porch into a welcoming foyer featuring beautiful slate tile. The main floor is designed for both everyday life and formal entertaining, boasting a bright living room and elegant dining room, a cozy den with wood burning fireplace perfect for a home office, gaming, hobbies or anything your lifestyle inspires. The spacious eat-in kitchen, equipped with sharp black appliances, solid surface counters, and a charming garden window (ideal for propagating new plantings or an indoor herb garden) offers an efficient "work triangle" for easy meal prep. This home features the ultimate backyard retreat where two sets of sliding glass doors seamlessly extend your space to a spectacular outdoor sanctuary. Relax on the maintenance-free composite deck, featuring integrated privacy panels for secluded gatherings. The "oasis-like" yard also includes a unique wrap-around tree bench, a dedicated fire pit, and a vinyl-fenced area which could easily serve as a private pet space, vegetable garden or your own custom landscape vision. The attached 2-car garage ensures you'll stay warm & dry during inclement weather. Retreat upstairs to four generously sized bedrooms, including a grand en-suite complete with a large walk-in closet. Gleaming hardwood and wood laminate floors throughout the entire home and functional updates include: commodes 2026, microwave 2025, one furnace & one AC unit 2023, garage door opener unit & track replaced 2022, composite deck 2019, fridge 2018, dishwasher 2018, oven 2014, some updated light fixtures, and fresh paint in key rooms (dates approximate). Need even more space? The dry, unfinished basement offers a substantial footprint ready for your finishing touches. Rest easy knowing this home comes with a 1-year home warranty. Locally, Beecher offers a wealth of nearby amenities, including parks, trails, tennis and pickleball courts, playgrounds, a community center, and a fantastic library to name a few. Enjoy abundant community friendly activities including renowned cruise nights, farmers markets, concerts and holiday festivities. All the amenities you could want or need within 1 mile including schools, worship, grocery & convenience stores, salons, banks, healthcare, dentists, pharmacies, pet care and more. Visit the recently completed Penfield streetscape project. Discover Beecher's iconic dining scene, featuring a variety of restaurants, ice cream shops, coffee shops, pizzerias and fine dining, many with both indoor and outdoor seating options. Only 45 Minutes South of Chicago or 15 minutes to Metra commuter train this location has you covered no matter your needs. Don't miss your chance to own this "happily ever after" home!
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.
