1008 Hollingswood Ct, Naperville, IL 60564
5 beds · 4 baths · 2,830 sqft
Move-in ready and impeccably maintained! Nestled on the bulb of a cul-de-sac in sought-after Ashbury Swim Club, this home offers both comfort and convenience. Rich dark hardwood floors span the open-concept main level, where floor-to-ceiling windows flood the space with natural light. The spacious dining and living rooms easily accommodate large furnishings, while the REMODELED kitchen (2019) boasts white cabinetry, granite countertops, stainless steel appliances, and a built-in beverage cooler. The cozy family room features built-in bookcases and a charming fireplace. The main level features a first-floor bedroom with a private en-suite bath, perfect for guests or a home office, plus a separate half bath for visitors. Upstairs, the oversized 20x13 primary suite offers a sitting area, spa-like bath, and dual walk-in closets. Three additional bedrooms share a dual-sink hall bath, providing ample space. The finished basement includes a versatile living area, a gym/2nd office or potential 6th bedroom (already has closet and egress), and storage. Outside, the private backyard oasis features a shaded patio (2019) for relaxing afternoons, and is backed by a 9-foot fence. RECENT UPDATES include a ROOF (2019), ALL WINDOWS (2019), FURNACE (2020), SUMP PUMP (2020), A/C compressor (2023), and widened DRIVEWAY (2022). This home includes a prepaid HOME WARRANTY valid through June 2027, offering the buyer added peace of mind and coverage for major systems and appliances. What do the sellers love? "Our friendly neighborhood, mornings on the shaded front porch, watching the kids ride their bikes in the cul-de-sac before they head off to school, and relaxing evenings on the shaded back patio, enjoying the summer breeze while the kids play. The trails and Ashbury pool are amazing. Everything we need-gym, schools, pediatrician, grocery, and restaurants - all within a 5-mile radius. There's so much to love!" Located in top rated District 204 schools (Patterson, Gregory, Neuqua Valley), Ashbury offers unparalleled amenities, including a zero-entry pool, water slide, hot tub, clubhouse, and the Ashbury Alligators Swim Team. Prime location near trails, tennis courts, shopping, dining, Metra, and major highways (I-55 & I-88). Motivated Sellers! Schedule your showing today!
Source: MRED #12301232
Financials
Source: Public records
Source: MRED #12301232
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.