202 Litchfield Ct, Grayslake, IL 60030
3 beds · 3 baths · sqft sqft
Welcome to an elegant home! This charming 3 bedroom, 2.5 bath two-story has been beautifully updated from top to bottom and is perfectly situated on a cul-de-sac within English Meadows. As you enter, you'll be greeted by a welcoming foyer flanked by a spacious dining room with a big double window. The main hallway leads on the right to an eat-in kitchen with granite countertops, custom-made cabinetry, stainless steel appliances, and NEW refrigerator. The new energy-efficient patio door with built-in blinds leads from the kitchen onto a spacious patio with custom-built pergola and stunning views of a garden oasis. This park-like backyard is fully fenced and features a brick-paver patio with firepit area, fruit trees, shrubs, and a variety of flowers, as well as a privacy hedge of evergreens. From the main hallway turning left, walk into a cozy living room with hardwood floors, complete with a fireplace. The living room flows seamlessly into the newest addition - a light-filled sunroom with two walls of windows and heated floor, perfect for a home-office. From the hallway to the garage, there is a powder room with Italian porcelain tiles and vintage style faucet; across the hallway - a convenient laundry/drop zone. The second level has new double-padding stain-protector carpet, a mid-stair foyer flanked by windows, a large linen-closet, as well as 3 bedrooms. The primary suite is sun-lit and features a vaulted ceiling, a large walk-in closet and a completely rebuilt bathroom with a double bowl granite vanity for ultimate comfort, a custom-built shower with glass doors and ceramic tiles. Two additional bedrooms complete the second level and share an Italian-style bathroom with ceramic tiles and bathtub. The recently replaced roof and siding ensure peace of mind for years to come. The two-car heated garage offers additional storage shelves and a pull-down ladder leading into an outfitted attic for more storage space. Conveniently located near forest preserves, parks, excellent schools, and shopping, this home offers the perfect blend of comfort and convenience. Don't miss out on this opportunity to make it yours. A preferred lender offers a reduced interest rate for this listing.
Source: MRED #11992896
Interest rate and monthly payment estimated based on public records.
Source: MRED #11992896
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: #11992896
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