482 Dolton Ln, Carol Stream, IL 60188
3 beds · 4 baths · 2,667 sqft sqft
VA ASSUMABLE LOAN @ 3.25%! Call for details. *Private Elevator* Welcome to this amazing end unit townhome in the desirable 55+ Forest Glen Community of Carol Stream! Spectacular layout with over 2,600 sq ft of living space awaits you! As you enter, the sun-filled foyer greets you with a 2 story ceiling and leads you to the spacious FLEX room/bedroom with plenty of space, a full bath and access to the main level patio. Take your private elevator or the staircase to the quiet 2nd level featuring an amazing screened-in porch, bright living room with loads of windows and the BIG updated kitchen with raised panel cabinets, solid surface countertops, stainless steel appliances (2021-2023), a pantry, an island and an eat-in table space. The open dining room has access to the screened-in porch, which is a perfect spot to relax. The third level boasts a spacious primary suite with a walk-in closet with custom built-ins, a screened balcony deck, and a luxurious bathroom with double sinks and a walk-in shower. This level also includes an additional bedroom with its own full bathroom, offering double sinks, a relaxing soaking tub, and a separate shower. There is a 2 car attached garage with a new epoxy floor in 2024. Many updates include new washer and dryer in 2024, a new roof in 2023. Air Conditioning, Furnace, water heater, humidifier and air cleaner all in 2018. Situated on a quiet street, just a few blocks from Downtown Wheaton!
Source: MRED #12201087
Interest rate and monthly payment estimated based on public records.
Source: MRED #12201087
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.
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: #12201087
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.