2216 Romm Ct, Schaumburg, IL 60194
4 beds · 3 baths · 2,336 sqft sqft
Welcome to a remarkable opportunity for investors, handymen, and DIY enthusiasts! Looking for your next project? Here it is! Bring your imagination, decorating ideas and renovation plans. Presenting an exceptional 4-bedroom, 2.5-bath, 2-story Exeter model, complete with a 2-car heated garage, nestled in the desirable Sheffield Estates subdivision. Situated on a corner cul-de-sac lot, this home offers ample living space, starting with a welcoming entry foyer that opens to a large living room and a formal dining room in an L-shaped configuration. The main level features a paneled family room with exposed ceiling beams, a charming brick fireplace, and sliding glass doors that lead to the backyard pool area. You'll also find a spacious eat-in kitchen, a powder room, and a laundry/mudroom with convenient access to both the garage and the side yard. Upstairs, the master bedroom boasts a private bath, walk-in closet, and a separate dressing area with a wet vanity. The three additional bedrooms are generously sized, each offering abundant closet space. The finished partial basement includes a wet bar, hidden storage, and access to a large crawl space, perfect for all your storage needs. This property also features an inviting in-ground heated pool with a patterned concrete patio, creating an ideal setting for outdoor entertaining. While the house may benefit from some updating, it is clean and "move-in" ready, and the location ensures easy access to top-rated schools, local parks and amenities, and area attractions. Don't miss out on the chance to make this charming residence your own slice of paradise. Schedule a showing today!
Source: MRED #mrd12186272
Interest rate and monthly payment estimated based on public records.
Source: MRED #mrd12186272
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.
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: #mrd12186272