Welcome to this beautifully maintained Canterbury model in sought-after Chestnut Corners, offering 3,048 square feet, 9' ceilings on the main level, abundant natural light, and an ideal floor plan for everyday living and entertaining. BRAND NEW ROOF SPRING 2026! A dramatic two-story center entry with hardwood flooring and an elegant scroll-motif chandelier sets the tone. The spacious living room is filled with natural light from oversized windows, while the dining room features architectural columns and half walls that create an open yet defined entertaining space.The step-down family room is warm and inviting with a striking floor-to-ceiling stone fireplace, newer hardwood flooring, and an atrium door leading to the private backyard.The sun-filled kitchen blends functionality and charm with 42" cabinetry, quartz countertops (2020), white subway tile backsplash, brushed nickel hardware, gas range plus wall oven, double stainless sink with gooseneck faucet, plant ledge, and a spacious bayed eating area large enough for a family-size table. Working from home is easy in the first-floor study with French doors, while the main-level laundry and drop zone offers cabinets, utility sink, wall hooks, and a large alcove for coats, boots and backpacks. A beautifully updated powder room (2020) showcases a striking tiger glass vessel sink with oil-rubbed bronze column faucet, mosaic tile backsplash, black vanity, and gold patina mirror. Upstairs, the two-story staircase with designer carpet leads to a bright landing with double stacked windows. The primary suite features double-door entry, volume ceilings, circle-top windows, sitting area, and an immense custom-designed walk-in closet with dedicated his-and-hers sections. The sun-filled primary bath offers a skylight, double vanity with kneehole seating, updated tile shower with clear glass enclosure, large soaking tub, and private commode niche. Bedrooms 2, 3, and 4 include custom blinds and deep customized closets, while the hall bath features a double vanity, tub/shower with white tile surround and double-door linen closet. The enormous unfinished basement offers endless possibilities for future living space, recreation, or storage. Step outside to a paver patio overlooking the expansive, flat backyard, surrounded by mature and manicured landscaping. Major updates include: Windows & skylights (2020), HVAC (2019), sump pump with battery backup (2019), water heater (2024), humidifier (2024), water softener (2026), hardwood flooring (2021), and numerous kitchen appliances. Residents enjoy Chestnut Corners' neighborhood park, ballfields, and open green space, all just minutes from Deer Park Town Center, dining, theater, shopping, fitness clubs, Cuba Marsh, parks, tennis courts, and the scenic landscapes of Kildeer. A fantastic opportunity to own in one of Lake Zurich's most beloved neighborhoods.
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.
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.
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.
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.
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 “Save search” 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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
