180 ARROWHEAD TRL, Carol Stream, IL 60188
MOVE IN READY adorable Three Bedroom Ranch on a just over 1/4 acre fenced yard! Well maintained, upgraded throughout and all of the living space that you will need! Kitchen renovations Include painted cabinets with new hardware, updated light fixtures, added cabinetry/pantry storage that you will not found in similar models within the neighborhood! Hall bathroom renovations features an updated vanity, new light fixture, subway tile backsplash and tile flooring. The Primary Suite Features a spacious closet w/organization system, ceiling fan and a (2024) Fully Renovated Private FULL Bathroom Includes vinyl plank flooring, new vanity with storage, additional storage above the toilet, new light fixture and tile backsplash around shower. Two additional bedrooms offer flexible living spaces: one is currently used as a bedroom and the other used as an office that can be used as a bedroom/office or playroom! Other improvements include vinyl hardwood floors in the HUGE family room addition, fresh neutral paint and (2023) New Sliding Glass Door to enjoy your morning coffee on the backyard Patio! Quiet and private Fully Fenced backyard with Patio, Firepit, Shed and a tranquil view of the nature preserve! Attached garage with workbench, attached Shed for EVEN MORE STORAGE and a Multi-Car concrete driveway! Desirable location near Simkus Rec Center, the pool, library, playground, bike paths/trails, grade school, junior high, Glenbard North High School, Shopping, Dining, Entertainment and popular commuter routes! This Home Receives an A+ for hosting holidays and gatherings, A Must See! Additional Info/Features: Roof - 2016, Windows -2016, Water Heater New- 2021, Stove/Oven -2023, Refrigerator-2021, Dishwasher-2019.This Home being Sold As-Is.
You may be able to put down less than the total down payment amount of $65,953 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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: #mrd12166671