It's here - a perfectly sized Arlington Heights home with plenty of updates and an incredible amount of lifestyle amenities! Warm and welcoming from the moment you step in; you'll find a flexible floorplan with great flows and large windows across the front and back of the home, providing abundant natural light. Timeless updates both inside and out such as hardwood flooring, new front door, brick paver walk and the entire home has just been professionally painted. The kitchen offers all stainless appliances, including an induction stove and a nice eating area, plus new luxury vinyl flooring that leads into the eating area and family room. Never miss watching the family in action with views to the sport court and yard during meal prep or clean up and you'll have easy access to the outdoor area for grilling or entertaining. You'll find both a main level living room and family room making it easy to relax with the family in separate areas or host a crowd for game day. The powder room on this level has been beautifully remodeled with new vanity, mirror, lighting, flooring and fixtures. Upstairs you'll find a lovely primary bedroom suite featuring a fully remodeled ensuite bathroom with heated tile floor, large back-lit mirror, and walk-in shower with glass doors. There are four other nicely sized bedrooms, and all of them, including the primary feature hardwood flooring and ceiling fans. The hall bathroom has been completely remodeled and features a tub shower combination with glass doors. The lower level is finished, and the modern concrete floor creates both a beautiful aesthetic and easy care. It's ready for you to outfit just the way you want for exercise, play, home office or combination space. If you love outdoor fun, it doesn't get any better-the high-end sport court is like having your own private club in your backyard. No waiting for your turn at pickle ball and it's easy to play a few rounds of tennis or shoot hoops any time you want. The large patio with adjoining pergola is the perfect place to watch the action or relax with family and friends. Set up your outdoor pizza oven to feed the crowd after endless hours of fun. The entire yard is fenced, making it easy to bring your furry friend or keep an eye on kids. Both the home and outdoor areas are the perfect backdrop to a lifetime of memories. There's an extensive list of other value-added upgrades, including an electric car charger '25, water softener '25, water heater '23, air conditioner '21, garage doors '21, roof '20, siding '20, sump pump '19, patio & sidewalk '19, new lighting and much more. Contact agent for complete list. Close to abundant shops, parks, restaurants, & conveniences, & a short drive to popular downtown Arlington Heights. A trifecta of award-winning schools-Ivy Hill Elementary, Thomas Middle School, and Buffalo Grove High School is icing on the cake!
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.
