234 Walnut Ln, Elk Grove Village, IL 60007
3 beds · 2 baths · sqft sqft
Welcome to this beautiful sprawling ranch home, where modern elegance meets everyday comfort. Completely renovated in 2016, this home boasts 3 bedrooms w/ 2 full bathrooms, spacious rooms with tons up updates that make it truly exceptional. The gourmet eat-in kitchen is a standout, featuring sleek granite countertops, stainless steel appliances, and an abundance of cabinet space, offering both style and functionality for everyday meals and entertaining. The home's open floor plan is filled with natural light, thanks to newer double-hung windows in the great room and a sliding patio door that leads to the backyard. Wood laminate flooring throughout adds warmth and durability to the living spaces, while new siding installed in 2022 gives the home a fresh, modern curb appeal. For added peace of mind, many of the major systems in the home have been recently updated, including a new central A/C unit (2018), new furnace (2023), and a newer hot water heater. The new washer and dryer (2023) offer even more convenience, making laundry a breeze. Inside, the closets have been upgraded with organized storage systems, ensuring a clutter-free home. The private, fenced backyard provides a peaceful retreat, with mature privacy bushes along the rear that offer both seclusion and beauty. A shed offers additional storage for tools and outdoor gear, while the double-wide driveway provides ample parking space for family and guests. This home is move-in ready with no shortage of thoughtful updates, creating a seamless blend of comfort and style. Whether you're hosting a summer barbecue or enjoying a quiet evening by the fire pit, this home is designed for it all!
Source: MRED #12212945
Source: MRED #12212945
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: #12212945
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.