6640 Linden Trl Apt D # D, Wonder Lake, IL 60097
3 beds · 3 baths · 1,756 sqft
Just like new-construction townhome, but ready now. This home already has a newer higher-end refrigerator and water softener. Life has changed and seller is moving, so here is your chance to move to Stonewater without having to wait! The Garfield's open design offers 3 bedrooms, 2.5 baths, 2-car garage and a finished lower level bonus room- perfect for the home office, play room or 2nd family room. The big center island is the focal point of the main living area- a great place to entertain! The kitchen features Classic White cabinetry, stainless steel appliances and a stunning quartz counter top! Upstairs you will find a convenient laundry area! The Primary Suite features a private bath with raised vanity, dual sinks and a walk-in closet. The generous Secondary bedrooms, and hall bath complete the upper level. On the lower level, you will find a finished bonus room and -2-car garage. You will never be too far from home with Home Is Connected. (SM) Your new home is built with an industry-leading suite of smart home products that keep you connected with the people and place you value most. The neighborhood has a clubhouse and features 11 miles of nature paths, 142 acres of lakes and streams, and a commitment to preserving Historic American Heritage by growing 29 varieties of American Heritage Certified Trees. NO SSA
Source: MRED #mrd12171860
Source: MRED #mrd12171860
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: #mrd12171860
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.