Limited time: Pay only $1,000 to assume a low rate mortgage when you sign a purchase contract between 12/11/24 and 1/10/25 *
VA loan
1 of 45
VA loan
$1,850,000

2104 Linneman St, Glenview, IL 60025

5 beds · 5 baths · sqft

This stunning new construction home, to be built in the heart of downtown Glenview, offers a perfect blend of luxurious design and modern functionality. From the moment you step inside, you'll be greeted by impeccable craftsmanship and thoughtful details, starting with white oak hardwood flooring throughout the main and second levels. The open-concept layout flows seamlessly, creating an inviting atmosphere in the expansive family room and kitchen. The family room features a coffered ceiling and a cozy fireplace-ideal for gatherings or quiet nights in. The gourmet kitchen is a chef's dream, boasting custom inset cabinetry, quartzite countertops, and an oversized island with seating. Premium stainless steel appliances from SubZero, Wolf, and Miele provide both style and performance. A spacious walk-in pantry offers plenty of storage, and a butler's pantry connecting the kitchen and formal dining room adds an extra touch of elegance, perfect for entertaining. Just off the kitchen is a main-floor office, a powder room for guests, and a practical mudroom with built-in cubbies, leading to the attached two-car garage. Upstairs, the primary suite is a true retreat, complete with a spa-like en suite bathroom featuring heated floors, designer finishes, and a spacious walk-in closet with custom organizers. The second floor also includes two Jack-and-Jill bedrooms that share a beautifully designed bathroom, plus a junior suite with its own private en suite. The convenience of a second-floor laundry room makes everyday living easier. The finished lower level provides even more living space with a stylish wet bar, a full bathroom, and an optional 5th bedroom-ideal for guests or as a home gym. Ample storage ensures everything has its place. Outdoor living is just as impressive, with a brick-paved patio and a fantastically large backyard, perfect for outdoor dining, play, or relaxation. Additional features of this home include three-zone heating and cooling, CAT6 wiring for seamless connectivity, wainscoting in the hallways, and professionally designed closet organizers throughout. This home offers the best of both worlds: the charm of a downtown Glenview location and the luxury of modern living. Don't miss the opportunity to make this exquisite residence your own.

Estimated
Seller's interest rate
3.95%
7%
Estimated
Principal & interest
$1,963/mo.
$2,595
You may also save up to $174,586 in total interest paid.
Listing price
$1,850,000

Your cash down payment
$1,494,382
Seller’s estimated current equity is $1,494,382
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with a 2nd mortgage.
Estimated $1,963 monthly payment

Financed
$355,617
Assumed mortgage 3.95% • Seller's rate
$355,617
2nd mortgage 9.25% • No prepay penalty
$0

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Year built
1949
Type
Single Family Residence

Source: MRED #12188971

Loan
Remaining term
23 years
Rate
3.95%
Monthly P&I
$1,963
Remaining loan balance
$355,617

Source: Public records

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?

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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?

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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?

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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?

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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?

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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.

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Last updated: Dec 21, 2024 12:22 pm
Listing agent: Connie Dornan
Listing provided courtesy of: @properties Christie's International Real Estate (847) 832-0002
Details provided by MRED and may not match the public record.
MLS ID: #12188971
Based on information submitted to the MLS GRID as of Dec 21 2024 - 16:55. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,963/mo
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