1434 Bar Harbor Ct, Pingree Grove, IL 60140
3 beds · 3 baths · 1,798 sqft sqft
WOW Look at us now! New Plush Neutral Carpet throughout, New Stainless Steel Refrigerator and Microwave! Freshly Painted 3 Bedroom with Huge Loft, 2.1 Bath Townhome with 2 car Garage home is ready for you! Home is a spacious 1798 Sq feet! Lovely Kitchen with Lots of Cabinet space, Stainless Steel Appliances! Large Living Room & Dining Room with Lots of Natural Light! Oak Railings on Stairway! Upstairs offers Huge Loft Area for additional Family Room or Home Office which also has tons of natural light! Master Bedroom with Walk in Closet and Private Master Bath with Shower! Good Sized 2nd & 3rd Bedrooms! Main full Bath with tub & Linen Closet! Main floor from Dining room is Door to Patio for cook outs & Open Area! 2 Car Garage with Opener! Association does snow lawn and exterior. Master Association has Pool, Clubhouse and exercise area. Library with Game Room! Light Bright & Airy and Ready For You!
Source: MRED #mrd12191798
Interest rate and monthly payment estimated based on public records.
Source: MRED #mrd12191798
Source: Public records
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: #mrd12191798