12 Oak Creek Dr Apt 2220 # 2220, Buffalo Grove, IL 60089
2 beds · 1 baths · 900 sqft sqft
Welcome to 12 Oak Creek Drive, Unit 2220, a stunning and updated 2nd-floor unit in Buffalo Grove, IL. This modern and personable home features 2 bedrooms, 1 bathroom, and spans 900 square feet of beautifully designed living space. Step inside to discover a gorgeous, unit boasting a balcony with open views, offering the perfect spot to unwind and enjoy the surroundings. The kitchen is a true highlight, featuring stainless steel appliances, quartz counters, custom backsplash, crown moldings, and ceramic floor tile. The unit also includes a custom stone wall in the living room, creating a space that's both stylish and functional. Situated in an exceptional complex, residents will have access to a pool, clubhouse, kids playground, and communal tennis court, providing ample opportunities for outdoor recreation and relaxation. Additionally, the complex offers on-site parking, laundry facilities, and common storage for added convenience. Located in a serene and desirable area, this unit is within walking distance to shopping, making it an ideal blend of convenience and tranquility. With a central AC, gas heat, dishwasher, microwave, refrigerator, and range, this home offers modern amenities and a comfortable living experience. Don't miss the opportunity to make this beautifully remodeled unit your own. Come and experience the best of Buffalo Grove living in this thoughtfully updated home.
Source: MRED #mrd12054058
Source: MRED #mrd12054058
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.
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: #mrd12054058