180 Arrowhead Trl, Carol Stream, IL 60188
3 beds · 2 baths · 1,728 sqft
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 find 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.
Source: MRED #mrd12179702
Source: MRED #mrd12179702
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: #mrd12179702
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.