116 Ensenada Ct Carpentersville, IL 60110
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About this home
Charming 3-Bed/1-Bth ranch in Carpentersville! This beauty has been updated and is ready for new owners. The moment you enter the front door you're greeted by a bright and spacious living room and kitchen. The living room features gorgeous hardwood floors that flow throughout most of the home, neutral paint colors, recessed lighting and crown molding for a touch of elegance. The large kitchen has all SS appliances, a beautiful, crisp white subway tile backsplash, plenty of cabinet space and room for a breakfast table. Three comfortable bedrooms with great closet space and an updated bath round out this home. The laundry room is located in one of the bedrooms for added convenience. There is also plenty of storage space. Outside, enjoy the private, fenced-in yard (6-ft privacy fence) with beautiful landscaping and mature trees. Detached 2-car garage with extra long driveway. Updates include new furnace & AC 2015, new appliances 2022, kitchen reno 2023, new water heater 2024, new washer & dryer 2024 and so much more. You truly can't beat this home or it's location - just minutes to the elementary and high school plus close to parks, groceries, restaurants and more! Schedule your tour today - this one won't last long!
Source: MRED #12472134
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FAQs
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.