7168 Alden Dr, Plainfield, IL 60586
3 beds · 2 baths · 1,385 sqft
Welcome to this stunning and rarely available end-unit townhome Nestled in Plainfield's Kendall Ridge community. Built in 2002, this 1,385 square foot, two-story home features 3 bedrooms and 1.5 baths, all within a bright and open floor plan. Upon entering, you'll be greeted by a charming foyer that leads to a spacious living and dining area, brightened by large windows that flood the space with natural light. The eat-in kitchen boasts stainless steel appliances, ample cabinet space, a center island, and a cozy breakfast area with plenty of table space. Upstairs, you'll find a generous size owner's bedroom complete with ceiling fan and walk-in closet, along with two additional well-sized bedrooms and a full bath. Other highlights include first-floor laundry, a sliding glass door from the kitchen to the patio, and an attached two-car heated garage with extra storage in the attic, and lots of common "green space" around this end unit home! Recent updates include a new furnace in 2015, a new roof in 2020, a new front screen door and door frame in 2022, a new hot water heater in 2023, and new flooring in both bathrooms in 2023. Kendall Ridge is a welcoming Plainfield neighborhood, conveniently located near local parks, shopping, dining, and major highways.
Source: MRED #mrd12126938
Source: MRED #mrd12126938
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%. 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.
Other resourcesWhat is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.