3619 Daisy Ln Elgin, IL 60124
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About this home
Welcome to this beautifully maintained two-story home in the desirable West Point Gardens community. Built in 2014, this sunny row-style single family home offers modern comfort, inviting spaces, and a warm neighborhood feel. Step into a welcoming entry foyer that opens to a bright main level featuring 9-foot ceilings, a large living room, and a dining area with sliding doors. The kitchen is equipped with stainless-steel appliances (all included) and connects seamlessly to the dining space - perfect for everyday living or entertaining. Upstairs you'll find two bedrooms plus a loft, providing a flexible space for an office, playroom, or reading nook. The primary bedroom features a walk-in closet and primary full bath. A second full bath adds extra convenience for family or guests. The finished basement expands your living options - ideal for a media room, fitness area, or guest retreat. You'll also appreciate the two-car garage, central A/C, and the home's overall bright, open feel. Located in highly rated School District 301, West Point Gardens offers parks, tennis and basketball courts, and walking paths throughout the neighborhood. Just minutes from Route 20, I-90, and Randall Road's shopping, dining, and entertainment, this home is what you have been waiting for!
Source: MRED #12504658
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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.