3400 N Buffalo Grove Rd Arlington Heights, IL 60004
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About this home
INVESTOR SPECIAL! HUGE 3,926 SF HOME ON JUST UNDER 1/2 ACRE LOT IN SOUGHT AFTER DUN LO HIGHLANDS SUBDIVISION IN ARLINGTON HEIGHTS! THIS HOME BOASTS 5 SPACIOUS BEDROOMS, 4 FULL BATHROOMS, ONE ON 1ST FLR & 16X15 1ST FLR OFFICE WHICH CAN BE 6TH BEDROOM. HOME FEATURES; LARGE EAT-IN KITCHEN, ALL NEW STAINLESS-STEEL APPLIANCE IN 2022, HUGE CENTER QUARTZ ISLAND W/COOK-TOP & SS HOOD, DOUBLE OVEN, FRIDGE, MICROWAVE DISHWASHER. SLIDING DOORS LEADING TO PATIO & DECK. BIG LAUNDRY RM OFF KITCHEN W/PANTRY SHELVING, FORMAL DINING RM W/3 ACHED ENTRY WAYS, LARGE LIVING RM W/SLIDING DRS OVER- LOOKING PATIO, DECK & HUGE YARD, 2ND LEVEL- MASSIVE GREAT RM W/VAULTED CEILINGS, 8 BIG WINDOWS & A GRAND BRICK FIREPLACE, GREAT SPACE FOR ENTERTAINMENT! 3RD LEVEL- HUGE PRIMARY BEDRM W/PRIVATE BATH W/JACUZZI & LARGE WALK-IN CLOSET, 3 MORE SPACIOUS BEDROOMS, W/ANOTHER FULL BATH. LOWER-LEVEL W/ABOVE GRADE WINDOWS W/2ND FAMILY RM & A 5TH BEDROOM W/FULL BATH. HARDWOOD FLOORS & SOLID HARDWOOD DOORS THROUGHOUT MOST OF THIS HOME. LOADS OF CLOSET SPACE & STORAGE. OVERSIZED 2 CAR GARAGE, EXTRA WIDE SIDE DRIVEWAY FOR AMPLE PARKING. OVERSIZED SHED IN BACK OF PROPERTY & ANOTHER SHED ON SIDE OF HOME. HUGE BACKYARD GREAT FOR A MASSIVE GARDEN, OUTDOOR FUN, FAMILY BBQ & ENTERTAINING. AWARD WINNING BUFFALO GROVE HIGH SCHOOL! FOLLOWING REPLACED IN 2022-2023 HVAC, WHOLE HOUSE WATER FILTRATION SYSTEM, HWH, WASHER & DRYER. SMART SECURITY SYSTEM LEASED. PER PREVIOUS OWNERS ROOF (2000) & HOME REBUILT IN 2000. TAXES DO NOT REFLECT ANY EXEMPTIONS! HOME IS IN NEED OF TLC, PROJECTS HAVE BEEN STARTED BUT NOT COMPLETED. PRICED BELOW MARKET VALUE, WITH WORK THIS CAN BE AMAZING PLACE TO CALL HOME!
Source: MRED #12375540
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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.