Welcome to your dream home in the highly coveted Chelsey Crossing subdivision! This meticulously maintained two-story townhouse offers a rare blend of luxury, comfort, and peace of mind. Nestled on a scenic wooded site, this home provides an incredible maintenance-free lifestyle just minutes away from Gurnee's best amenities. A Modern Oasis of Upgrades Step inside to discover a residence that feels better than new, thanks to a comprehensive list of high-value updates: Brand New Mechanicals: Enjoy year-round comfort and efficiency with a new AC and Furnace (2023) and a new Hot Water Heater (2021). Chef's Kitchen: Updated in 2021 with a new stove, refrigerator, and dishwasher, and enhanced in 2024 with modern recessed lighting. State-of-the-Art Laundry: Features a new dryer (2021) and a brand-new washer installed in 2026. Upgraded Bathroom Comforts: All three bathrooms feature newer comfort-height toilets. Infrastructure Reliability: Peace of mind comes standard with a new sump pump, septic pump, and cover, plus enhanced attic insulation (2024) for maximum energy efficiency. Designed for Living & Entertaining The open-concept main level boasts nine-foot ceilings and high-end finishes. The spacious kitchen features 42" cabinets and granite countertops, overlooking a light-filled dining and living area. Primary Suite Retreat: Upstairs, relax in your luxurious master en-suite, complete with two walk-in closets and a spa-like bath featuring a soaker tub and double vanity. Versatile Finished Basement: The additional living space in the basement is perfect for a home theater, gym, or playroom. Outdoor Serenity: Unwind on your private deck and take in picturesque views of the surrounding mature trees and nature trails. Unbeatable Location Live in the heart of it all! This home is perfectly situated just minutes from: Shopping & Dining: Immediate access to the Gurnee Mills Mall, grocery stores like Jewel-Osco, and local favorites like Steak 'n Shake. Commuter's Dream: Just 5 minutes from I-94 for easy travel to Chicago or Milwaukee. Local Industry: Close to major employment hubs and local business centers. Experience the perfect blend of sophistication and suburban convenience. This turnkey gem won't last long-schedule your tour today!
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.
