151 Spring Hill Ct, Romeoville, IL 60446
5 beds · 3 baths · sqft
This is one of the largest models in subdivision! This home boasts approx 3007sq ft of beautifully designed living space, beautiful brick front, covered porch, oversized professionally landscaped & fenced in yard located on Cul-de-Sac! The dramatic two story foyer greets you as you enter the home. The first floor has upgraded LVP flooring and an amazing family room! Upstairs there are four bedrooms, plus a loft, and an abundance of closet space. The fifth bedroom is located on main floor. The basement is finished with an additional family room or theater room with a built in bar. There is also the laundry room and a workshop area. There is an attached 3-Car Garage. Double doors to Spacious Master Suite w/ vaulted ceiling, amazing 11x 11 closet, master bath features, double bowl vanity, corner whirlpool tub, separate shower & linen closet. New Furnace 2017, New H2O 2018, Roof Replaced in 2014. Granite counter tops and SS appliances in the kitchen with an expanded walk-in pantry! The subdivision also boasts a club house, tennis courts, and pool and lots of activities thru-out the year. Solar panels make your electric bill minimal!
Source: MRED #12197902
Interest rate and monthly payment estimated based on public records.
Source: MRED #12197902
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: #12197902
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.