1508 Ridge Brook Dr, Joliet, IL 60431
4 beds · 3 baths · sqft
Beautiful 4-Bedroom, 2.1-Bath Two-Story Home in Joliet Fall Creek Subdivision - Conveniently located near Route 59! This charming home is filled with updates and modern features, offering plenty of space and comfort for your family. Step inside and discover a bright, inviting formal living room with brand new luxury vinyl plank (LVP) flooring, installed in 2022. The kitchen is a showstopper, boasting sleek white cabinetry, stunning granite countertops, and all stainless steel appliances that are included with the home. Whether you're hosting guests or preparing family meals, this kitchen will exceed your expectations. Upstairs, you'll find 4 spacious bedrooms and 2 full baths, all recently updated with new vinyl flooring in 2023 for a fresh, modern feel. Notable Newer Updates: Roof: Replaced in 2016 Storm Door & Front Entry Door: Replaced in 2015 Storm Door in Garage: Installed in 2015 Nest Thermostat: Installed in 2015 Patio Doors: Replaced in 2017 6-Foot Fence: Installed in 2018 Culligan Water Softener: Installed in 2021 New Vinyl Flooring: 1st Floor in 2022, 2nd Floor in 2023 Viking Range & Microwave: Installed in 2023 KitchenAid Dishwasher: Installed in 2023 Quartz Countertops: Installed in 2023 New Garage Door Opener: Installed in 2024 Garage Wired with Separate 220 Line: Installed in 2022 HVAC & Water Heater: Original, but covered by an active American Home Shield warranty at 64.00/month (transferable to new owners) The full, unfinished basement is a blank canvas, already plumbed for a full bath-perfect for expansion or additional living space. Solar Panels: Installed in 2019 with a 20-year contract (transferable to new owners) This home is truly move-in ready with all the major updates already done. Don't miss your chance to make it yours!
Source: MRED #12255851
Interest rate and monthly payment estimated based on public records.
Source: MRED #12255851
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: #12255851
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.