800 Indian Wells Cir, Elgin, IL 60123
3 beds · 2 baths · 1,382 sqft
Welcome to 800 Indian Wells Circle! Nestled in one of Elgin's most convenient locations, this charming 3-bedroom, 1.5-bathroom home offers a lifestyle of comfort and ease, with close proximity to everything you need. Situated in the College Green neighborhood, this home feeds into highly regarded schools. For outdoor enthusiasts, Wing Park is just around the corner, offering green spaces, playgrounds, and recreational activities. Commuters will love the quick access to major highways and nearby Metra stations, while shopping, dining, and entertainment are abundant with the Randall Road shopping corridor, Elgin's vibrant downtown, and the prestigious Elgin Country Club all just minutes away. Enjoy the convenience of nearby restaurants, cafes, and cultural events that Elgin has to offer, along with the serene suburban lifestyle. Inside, the home features a welcoming living room filled with natural light, a cozy family room with a fireplace that's perfect for relaxing or entertaining, and a dine in kitchen that opens up to a large deck and large fenced in backyard, ideal for summer BBQs and outdoor gatherings. The main floor half bath adds convenience for guests. Upstairs, the three bedrooms and full bathroom provide ample space for everyone. The finished basement is a fantastic space, offering a dry bar, perfect for entertaining, along with an additional bedroom for guests or use as a home office. The basement also offers great storage options. Plus, with the energy-efficient solar panel system, you'll enjoy nearly non-existent energy bills, contributing to a greener lifestyle. This home is perfectly situated for those who value both comfort and convenience. With everything from parks and schools to shopping and entertainment just a short drive away, you won't want to miss out on this fantastic opportunity. BRING YOUR OFFERS! Buyers may qualify for a GRANT to purchase this home through our preferred lender. Schedule your showing today and discover why this home is the perfect fit for you!
Source: MRED #mrd12175415
Source: MRED #mrd12175415
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: #mrd12175415
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.