1436 Columbine Dr, Schaumburg, IL 60173
4 beds · 3 baths · 2,525 sqft
Welcome to your Dream Home! This Beautifully Appointed 4-bedroom, 3-bath Brick Ranch Offers the Perfect Blend of Comfort and Style. The heart of the home is the new chef's kitchen, designed for culinary enthusiasts and family gatherings alike. Featuring top-of-the-line appliances, ample counter space, generous pantry space, and elegant finishes, this kitchen is sure to impress. The kitchen also connects both living spaces: the cozier living room with rich hardwood floors and fireplace, and the expansive family room with soaring ceilings and skylights! Retreat to the luxurious master suite, complete with vaulted ceilings and a stunning master bathroom that boasts modern fixtures, jacuzzi tub, and zero entry shower all done in modern tile designs. Three additional well-sized bedrooms provide ample space for family and guests. The basement is partially finished and features newer HVAC and battery backup sump pump. The home also features a whole house generator for ease on mind during storms and outages! Set on a large lot adorned with mature trees and lush landscaping, this property offers both privacy and a beautiful backdrop for outdoor entertaining or peaceful relaxation. Dine al fresco out on the large deck complete with pergola, surrounded by the large and manicured maple trees around the property. The home also features solar panels which save on utility costs while contributing to a greener lifestyle. Don't miss the opportunity to make this exceptional ranch home yours! Schedule a showing today and experience the perfect blend of modern living and natural beauty.
Source: MRED #12144522
Interest rate and monthly payment estimated based on public records.
Source: MRED #12144522
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.
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: #12144522
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.