8406 Buckingham Rd, Joliet, IL 60431
4 beds · 4 baths · 3,422 sqft
VACATION AT HOME!! Amazing, Stunning, Joliet Home!! LOCATION LOCATION!! Better than New Construction - Ready & Waiting ~ HIGHLIGHTS INCLUDE: 2-Story Floor Plan with 5 Bedrooms, 3.5 Baths, Multiple Living Spaces plus Full Finished Basement with 2-Car Garage on a Premium Lot with an HUGE concrete Patio with a pergola! Yard Perfect for Entertaining ~~ MAIN LEVEL FEATURES: Bright & Open Floor Plan with Vinyl Plank Flooring & Large Windows Highlighting the Backyard ~ Welcoming 2 story Foyer ~ Private Front Den / Flex Room ~ Kitchen including a Large Island, Granite Counters, 42" Cabinets , Pantry, Can & Pendant Lighting ~ Spacious Dining Area ~ Family Room with Vinyl Plank Flooring & Can Lighting ~ Powder Room ~ Hall Guest Closet ~ Mudroom, Entrance to Garage ~~ UPPER LEVEL FEATURES: Bright Primary Suite with View of Backyard, Chandelier & Can Lights ~ Primary Suite featuring a Tray Ceiling, Large Walk-In Closet, Double Sinks, Large Shower, Soaking Tub with a Jacuzzi!! ~ Three Additional Bedrooms each with Ceiling Fans, and RECESSED lighting & Nice Sized Closets ~ Shared Full Hall Bath with Tub ~ 2nd Floor Laundry Room ~ Hall Linen Closet ~~ LOWER LEVEL FEATURES: Full Finished Basement with Open Area plus A BEDROOM ~ Full Bath with Shower ~ Mechanical Room with Storage Space ~~ EXTERIOR FEATURES: Welcoming Front Porch ~ Concrete Patio, Concrete slab for future shed! Fenced Yard ~ OPEN FARM FIELD View / No Backdoor Neighbors ~ Plantings Placed for Future Privacy ~~ ADDITIONAL INFORMATION: Active Radon System in place ~~ COMMUNITY FEATURES: On-site Park, Minutes to Downtown Plainfield, Shopping, Recreation & Major Transportation Corridors ~~ Plainfield District 202 Schools ~~ WELCOME HOME!!
Source: MRED #12253847
Interest rate and monthly payment estimated based on public records.
Source: MRED #12253847
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: #12253847
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.