Showings will begin Wednesday February 11th. This beautifully updated 3 bedroom, 2 1/2 bath townhome with a full finished basement, attached 2 car garage and big back yard lives like a single family home only it is maintenance free! The list of updates is so complete there is nothing for you to do but move in and enjoy your new home. The current owner totally remodeled the kitchen in 2023 changing walls to create the open floorplan that makes this home unique. The new kitchen gives you an island for seating and storage, all stainless steel appliances, beautiful Silestone countertops, custom cabinetry with pull out shelving including an appliance shelf that raises to counter height when needed and tucks away neatly when not in use. The kitchen opens to the family room giving you a wonderful space for gathering friends and family and you have a separate dining room for more formal occasions. Both rooms open to the private back yard with a new deck installed in 2019 and magnificent landscaping - check out the photos of the back yard! The 2nd floor has a huge primary suite with it's own sitting room, a large walk-in closet and a private bathroom with a walk-in shower. The other 2 bedrooms have amazing closet space and share the updated hall bathroom. There are hardwood floors throughout the house including all the bedrooms and staircases. This amazing townhome boasts a FULL finished basement with a large family room, a separate workshop and a storage room that could be used as an additional bedroom. Note these updates not yet mentioned: New roof in 2025 - new furnace, AC compressor and hot water heater in 2021, new patio doors in 2015 - new windows in 2014 and custom window treatments throughout. This wonderful home has been impeccably cared for and updated with quality and attention to detail. Enjoy tennis, pickleball and swimming in the complex's indoor pool with adjacent party room. A lucky find for someone wanting Northbrook schools (School Districts 27 and 225) and easy access to shopping, health clubs, restaurants and the Tri-State Tollway - a quick 20 minute drive to O'Hare! Note: The real estate tax amount listed does not reflect any deductions.
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.
