Welcome home to effortless single level living in the heart of Joliet. Perfectly positioned on a quiet street with no through traffic, this pristine ranch offers the ideal blend of comfort, style, and thoughtful updates, inside and out. Step into a sun filled family room that invites you to unwind, then flow seamlessly into the beautifully designed custom galley kitchen. Featuring designer oak cabinetry with crown molding, granite countertops, a neutral backsplash, and brand-new Samsung stainless steel appliances (2025), this space is as functional as it is stunning. The adjacent dining area opens through sliding glass doors to a gorgeous walk-out deck creating effortless indoor-outdoor living. The primary suite provides a peaceful retreat, complemented by two additional spacious bedrooms. The recently updated main bath shines with a skylight, raised white vanity, and a shower/tub combination surrounded by striking large format tile. Hardwood flooring, pull-down attic access, and ceiling fans throughout add comfort and convenience. The finished basement is designed to impress. Whether you're hosting guests or enjoying a cozy night in, the double sided fireplace creates warmth and ambiance. New vinyl plank flooring enhances the space, along with a full bath featuring an oversized tiled walk-in shower and expansive vanity. A versatile bonus room offers endless possibilities...home gym, office, playroom, or creative studio. The large mechanical room includes washer, gas dryer, and utility tub for added functionality. Step outside to your own private oasis. The freshly painted deck, accented with elegant globe lighting, overlooks a heated above-ground pool with a second tier deck, perfect for soaking up summer days. App controlled permanent outdoor lighting elevates both convenience and curb appeal. A detached 2.5-car garage, concrete driveway, and privacy vinyl fencing complete the backyard retreat. Major updates provide peace of mind: New furnace & A/C (2024) Hot water heater (2023) Located near parks with walking trails, shopping, dining, golf, and just minutes from the interstate, plus close proximity to Troy schools and Joliet West High School. This home offers both tranquility and accessibility. No HOA. This is more than a house, it's a lifestyle. See it. Love it. BUY it!!
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.
