155 Abbeywood Cir, Streamwood, IL 60107
3 beds · 2 baths · 2,367 sqft
Best buy in Streamwood ! A Slice of Heaven Awaits You! Discover the opportunity to own a truly remarkable home, perfectly situated with breathtaking views of the Forest Preserve and Bode Lakes. This stunning property speaks for itself, offering a serene and picturesque setting. Main Level Highlights: * Living Room & Dining Area: Be greeted by a vast living room that seamlessly extends into a large formal dining room, creating an open and inviting space. * Kitchen: A spacious, white kitchen boasts updated stainless steel appliances and a large island facing the dining room. * Deck: The dining room opens onto a multi-level deck, offering wonderful views of the Forest Preserve and its lakes. * Bedrooms: Three generous ,sunny and bright bedrooms provide ample space and comfort. * Additional Features: Includes a laundry room, a full bathroom, newer plank flooring, fresh paint throughout, and interior access to the two-car garage. Second Floor Features: * Family Room: The lofted family room is a cozy retreat featuring a gas-burning fireplace and access to a large outdoor balcony. * Primary Bedroom: This spacious bedroom includes an en-suite bath with a double sink vanity and a large Jacuzzi tub. It also features a full-width closet and an additional walk-in closet for exceptional storage. Basement and Additional Amenities: * Finished Basement: Offers a vast living space, a bonus room ideal for an office or exercise room, and a large utility room. * Updates: * Furnace (2018) * Water Heater (2018) * Newer Roof & Cement Board Siding * Newer Sump-Pump * Newer Garage Door * Newer Sliding Glass Door and Living Room Windows * Security & Electrical: Equipped with a hard-wired security system and 220v electric outlets in the garage and basement. Location: Enjoy the fantastic location overlooking the Forest Preserve and Bode Lakes, with miles of bike and walking trails right at your doorstep. This home is also conveniently located near great shopping, grocery stores, restaurants, and offers easy access to I-90. Come and fall in love with this exceptional home!
Source: MRED #mrd12145559
Source: MRED #mrd12145559
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: #mrd12145559