10s667 Glenn Dr, Burr Ridge, IL 60527
5 beds · 3 baths · 4,664 sqft
Immaculate, newly updated 5 bedroom, 3 bath home with side-entry 3 car garage on a beautiful private lot. Home is maintained with pride of ownership! Featuring a 1st floor bedroom with vaulted ceiling, sliding glass door to deck, overlooking the yard and adjacent to newly remodeled full bath. Stunning new eat-in kitchen with a large island, white cabinets, quartz counters, stainless steel appliances and new light fixtures. Kitchen open to the sunny family room with brick gas fireplace and dry bar, bright living room and separate dining room. Laundry room on the main level off the garage doorway. 2 story foyer, beautiful stairway leading to the 2nd floor with all new oakwood flooring. Gorgeous primary bedroom with tray ceiling, large walk-in closet with luxurious ensuite bathroom, perfect for relaxation in the soaker tub, separate shower, dual vanities, vaulted ceiling and skylight. 3 nice size bedrooms with walk-in closets, Newly updated hall bathroom with vaulted ceiling & skylight with door to 2nd bedroom. Lots of natural light throughout the home. Fully finished, dry basement with new windows, includes a pool table area, recreation room, office area, lots of storage. New, oakwood flooring & light fixtures, newly painted. Roof 2021, furnace, A/C 2023. Garage epoxy floor with a 10 yr. warranty, cement driveway. Minutes away from I-55 & I-294, Burr Ridge Center offers great shops, restaurants, health club, and bus to train & downtown Chicago.
Source: MRED #mrd12182544
Source: MRED #mrd12182544
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: #mrd12182544
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.