323 WILDFLOWER ST, Des Plaines, IL 60016
Welcome To Your New Home! With 1,775 square feet of luxurious living space with a western exposure, your main level boasts an open floor plan with a living room, where the fireplace is located, a dining room, a kitchen, and a powder room. The main level features are hardwood floors including all sets of stairs, 9' ceilings, an eat-in kitchen with 42" honey cabinets, granite countertops, stainless steel appliances, and a large pantry. The second level has sustainable flooring, the laundry room - no taking clothes up and down the stairs, two bedrooms both with private en-suite bathrooms with granite countertops; the primary bedroom with a cathedral ceiling, and a very generous-sized walk-in closet. Your primary bathroom features double sinks with granite countertops, a soaking tub, and a linen closet. The lower level hosts the family room which can make for a great media room, home office, home gym, kids playroom, or a third bedroom. There is more - access your balcony from your kitchen to enjoy grilling or relaxing times in your favorite outdoor chair, and at the end of the block is a beautiful full park. You have a private entry 2 car garage and ample street parking for your guests, you are within walking distance to METRA and downtown Des Plaines and all that it offers. COME VISIT YOUR NEW HOME TODAY, YOU'LL LOVE LIVING HERE.
You may be able to put down less than the total down payment amount of $203,338 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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: #mrd12152598
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.