2143 E Peachtree Ln Arlington Heights, IL 60004
Your savings
About this home
Welcome to this charming and spacious split-level home is located by the walking path to desirable LAKE ARLINGTON!! Come see this spacious 3 bedroom, 2.5 bath home with many updates and a large patio overlooking a professionally landscaped yard... great for entertaining and relaxing. This home is located on a corner lot on a quiet street in Ivy Hill East, situated between Carousel Park and Wildwood Park. The family room on the main level has a convenient gas starter/wood-burning fireplace with plenty of room to spend time together. The sunny kitchen has granite countertops and SS appliances. Newer baths, open floor plan, vaulted ceiling in living room and dining room. The three upper-level bedrooms are large with plenty of closet space. The main bedroom has a full ensuite. Recent updates include painted cedar siding, professional landscaping, high-efficiency furnace and cooling system with advanced filtration, humidity control and UV light protection, water heater, sauna and plenty of storage space. This split-level gem is conveniently located close to grocery stores, shops, services, and restaurants. Easy access to major roads like Hintz Rd, Palatine Rd., and Arlington Heights Rd. Just minutes away is shopping, parks and pools, library and METRA. The proximity to the lake and woods make it feel like a vacation home, while being close to many conveniences... Make this wonderful home your own today!! Agent has ownership interest.
Source: MRED #12480476
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.