3220 Caroline Dr, Joliet, IL 60435
2 beds · 2 baths · 1,296 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Discover this beautifully maintained stone ranch that seamlessly blends classic charm with modern updates. Step into the inviting living room, featuring gleaming hardwood floors and a stunning three-sided fireplace with a Bedford stone surround, creating a warm and cozy atmosphere. The spacious kitchen boasts a breakfast bar, a walk-in pantry, and a new cooktop, perfect for any home chef. Adjacent to the kitchen, the dining area is perfect for family dinners. Back door opens to a covered paver patio, offering serene views of open land-ideal for outdoor entertaining. This home features three bedrooms, each with hardwood flooring, and 2 bathrooms including a a luxurious main bath with a steam shower and detailed tile work. The second bathroom features a granite vanity. A main-level laundry room with a new washer and dryer adds to the home's convenience. Downstairs, the fully finished basement provides additional living space with a large family room, a second fireplace, a wet bar with a beverage fridge, and ample storage. Additional highlights include: 2.5-car garage with a storage closet and water spigot, New hot water heater (2024), RainSoft & OXY water filtration system, Roof (2021). This home offers comfort, style, and breathtaking views-schedule your private showing today
Source: MRED #12324144
Source: MRED #12324144
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.