354 W Pleasant Hill Blvd, Palatine, IL 60067
3 beds · 2 baths · 1,196 sqft
HIGHLY RATED SCHOOLS, UPGRADED, & MOVE-IN-READY! This beautiful home is the one you've been waiting for! Enjoy pristine wood-look flooring, modern recessed lighting, neutral paint, a spacious eat-in kitchen, & beautiful backyard! Host events with ease in the open-concept kitchen featuring upgraded stainless steel appliances, durable granite counters, 42" cabinetry, & bonus breakfast bar! Kick back and relax in your private backyard oasis featuring an incredible patio with views to mature trees! Retreat to the second-floor primary bedroom which boasts two spacious oversized closets, neutral paint, hardwood flooring, & contemporary fan! Guests will enjoy their choice of two spacious bedrooms also offering hardwood flooring & neutral paint! The upper-floor full bathroom boasts beautiful tile work, a relaxing bath, & upgraded vanity! Need more space? The fully finished walk-out basement offers modern recessed lighting, a spacious rec room with wood-look flooring, a bonus full bathroom, ample storage space, and a large laundry room! This property has been meticulously maintained and upgraded! No projects here; just move in & enjoy! HIGHLY RATED SCHOOLS, NEAR PARKS, PEACEFUL VIEWS, & IDEALLY LOCATED NEAR RESTAURANTS, SHOPPING, & ENTERTAINMENT.
Source: MRED #12311130
Financials
Source: MRED #12311130
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.