368 Cedar Tree Ct Hoffman Estates, IL 60169
Your savings
About this home
Move-in ready one of a kind corner unit, private entry townhome with a bigger footprint than some single-family homes in a quiet tree-lined community. Completely updated, full of natural light and open concept floor plan allows for comfortable family living and easy entertainment during the holidays. Main floor features open concept kitchen with white cabinets, brand new appliances, quartz countertops and free-standing sit around island for additional sitting area or counter space. Kitchen opens to the living room featuring a gas fireplace and dining room features sliding door out unto a private patio. Main floor also has access to the attached garage and fully updated half bath. Step upstairs and find 3 spacious bedrooms with an updated double vanity bathroom. Master bedroom features built in closet storage. Two additional bedrooms have very spacious closets. For additional comfort there is huge walk-in closet off the hall with built in high end custom closet storage solution. Fully finished basement with another full updated bath and wine wet bar area provides an alternate entertainment option on those rainy or cold days. Very easy showing, painted throughout, new floors throughout, updated throughout. New mechanicals. This townhome is located steps from the community pool and clubhouse. Plenty of guest parking in addition to the attached garage. Tucked away in a serene community but only steps to shopping and transportation. Excellent schools.
Source: MRED #12480318
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.