1024 SUMMERFIELD DR, Roselle, IL 60172
Improvements throughout the home, move-in ready home with modern upgrades in a prime location. Welcome to this beauty, updated and ideally situated near shopping, dining, and essential amenities. With great curb appeal, the property offers a charming front covered porch, perfect for relaxing evenings. As you step inside, you'll be greeted by a spacious and inviting living room and dining area. The kitchen boasts ample cabinetry, stainless steel appliances, and luxurious quartz countertops that elevate the space. The bright and airy family room is illuminated by skylights, flooding the area with natural light. Throughout the home, luxury vinyl plank flooring provides a sleek, modern aesthetic while ensuring easy maintenance. Upstairs, you'll find three generous bedrooms, including a master suite with a private bath and a walk-in closet. An additional half bath is conveniently located on the first floor. The property sits on a spacious lot with a deck, providing plenty of room for outdoor activities and relaxation. The newly resurfaced blacktop driveway enhances the home's overall appeal. For added security, a Ring doorbell is included. Recent upgrades include a new roof, siding, skylights, and HVAC system, all installed within the last seven years. This home also features an attached 2-car garage, providing ample space for vehicles and storage. Conveniently located just around the corner from Erickson Elementary School, with a short 5-minute commute to Westfield Middle School and Lake Park High School. Enjoy quick access to Woodman's Market at Stratford Square Plaza and Bloomingdale Court Plaza off Army Trail Rd. Don't miss this opportunity to make this move-in ready home yours! Schedule a showing today and experience the perfect blend of comfort, style, and convenience! Broker owned home and motivated to sell.
You may be able to put down less than the total down payment amount of $169,546 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #mrd12154460