7 Shoal Creek Ct Lake In The Hills, IL 60156
Your savings
About this home
Tucked away on a quiet cul-de-sac in the prestigious Gated Community of Boulder Ridge, 7 Shoal Creek offers a rare opportunity to own a finely appointed executive residence that balances timeless sophistication with modern comforts that make it a home! This 5-bedroom, 3.5 bath home boasts over 3500 sf of living space set on an extra-large, beautifully landscaped lot. From the moment you arrive, the homes classic brick and cedar facade, stately entry, and mature trees evoke a sense of arrival and distinction. Step into the grand 2 story foyer where you have a choice of the formal dining room, living room, or fantastic sunroom at your fingertips! At the heart of the home is the Chefs kitchen with a large center island, 2 large walk-in pantries, and an adjacent breakfast room overlooking the serene backyard- perfect for both everyday living and hosting holiday festivities! Retreat to the opulent primary suite with a spa-inspired bath and dual walk-in closets. The additional bedrooms are large and bright- perfect for family and guests alike. The fully finished lower level has the 5th bedroom/Nanny/In-Law Suite or home office with a full bath, recreation room, game area, fitness room, and additional storage too! 7 Shoal Creek Court is more than a home-it's a lifestyle. Experience the pinnacle of luxury living in one of Lake in the Hills' most sought-after communities. Boulder Ridge Country Club offers Golf, Tennis, Pickleball, Fitness Classes, Swimming, Dining and more! Love where you live!
Source: MRED #12494521
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.