216 Malibu Ct, Bolingbrook, IL 60440
3 beds · 2 baths · sqft sqft
Open the door and step into your new home! The newly finished staircase takes you upstairs to an amazing open floor plan. Imagine yourself doing your holiday entertaining in this fantastic kitchen. Top of the line appliances (Whirlpool, Kitchen Aid). Oversized refrigerator (2017)and granite countertops. A six-foot island for seating. Open living room. Beautiful, newer, wood laminate flooring throughout the kitchen and living area. Tons of natural sunlight throughout this home making it nice and cheery! The bedrooms are on the main floor. A shared, updated master bath boasts a waterfall shower head, tiled shower and wood laminate flooring. Step downstairs and you enter the huge family room. Newly painted and carpeted ready for you. Theres an additional room just as large as the family room. Use your imagination! Exercise room? Media? Theatre? Perfect for this area! A full bath on the lower level. Completely updated and upgraded! A bathtub large enough for two makes this bathroom more like being at a spa then at home! Outside, under the pavilion, you'll find your outdoor living space. The gas grill, mini refrigerator and fire pit will be perfect for summer AND winter too! Nothing better than grilled turkey!! Put that TV out there and watch some football! Top it off with a 4' pool for those hot 90-degree summer nights - they will be back before you know it. Make an appointment to come see this awesome property and make this your new home. 220amp in the 2.5 car garage. Roof is 3 years old. Taxes do NOT reflect any exemptions. Please note: the summer pictures of the pool show a deck - there is no longer a deck around the pool.
Source: MRED #12208318
Interest rate and monthly payment estimated based on public records.
Source: MRED #12208318
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: #12208318
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.