2997 Talaga Dr, Algonquin, IL 60102
3 beds · 4 baths · 1,747 sqft sqft
Do not miss your chance to own a 3 bedroom townhome backing to the woods, offering you privacy and space. With a total of 2.2 bathrooms and finished basement you have plenty of space in this model. 2 story foyer and large living room with lots of natural light. Enjoy the open concept between kitchen, dining and living room with a tucked away powder room on the main floor and a private deck overlooking the preserve. The upstairs holds all 3 bedrooms, including a large master bedroom with private ensuite bath and walk in closet. Upstairs laundry makes every day living a complete convenience. The additional 2 bedrooms are large in size and share a bathroom. The basement offers additional living space for anything else you may need. From entertainment space to family room, playroom, man cave, gym or hobby room. Being completely finished with a half bath, there is nothing left to do other than enjoying the space. Talaga Dr is an incredible townhome community, close to all shopping on Randall Rd and easily accessible from i90 for commuters. Attending HD JDon't miss out on the amazing trails and greenery that this home has to offer!
Source: MRED #mrd12180863
Interest rate and monthly payment estimated based on public records.
Source: MRED #mrd12180863
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: #mrd12180863