9156 RITZ CT, Huntley, IL 60142
Welcome to this stunning 3-bedroom, 2-bathroom ranch home, built in 2019, nestled in the highly sought-after Talamore 55+ adult community. Inside, you'll discover beautiful vinyl plank flooring throughout, adding both style and durability. The amazing kitchen features upgraded cabinets, flooring, quartz countertops, and stainless steel appliances-perfect for both everyday meals and entertaining. The master suite is a true retreat, offering an oversized bath and a spacious walk-in closet. Step into the sunroom, a cozy space filled with natural light, perfect for morning coffee or a good book. This home offers not only modern comfort but also an exceptional lifestyle. Residents enjoy access to an impressive 8,000-square-foot clubhouse featuring a party room, fitness center, and game room. The outdoor area is a paradise, complete with a pool that features an exhilarating 18-foot water slide, lap lanes for the active swimmer, and a delightful spray and splash area. You can unwind by the tranquil fishing pond or watch your grandchildren play on the well-equipped playground. For those who love outdoor gatherings, the charming picnic pavilion with a fireplace is perfect for cozy get-togethers. Paved walking and biking paths wind through the scenic community, ideal for leisurely strolls or invigorating rides. This home offers more than just a place to live-it's a gateway to a vibrant and fulfilling lifestyle.
You may be able to put down less than the total down payment amount of $121,896 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #mrd12148426
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.