1102 W Galena Blvd, Aurora, IL 60506
3 beds · 2 baths · 1,848 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This home is so beautiful and welcoming, you will never want to leave! The seller has just done a COMPLETE REMODEL of this home! Step into the large foyer and notice the original quarter-sawn hardwood floors, built-in shelves, new light fixtures and open staircase. Walk through into the formal dining room, also with hardwood floors, a new fixture and beautiful sunny windows. All windows in the home were replaced in 2015! There is a large living room, currently being used as an office and a cozy family room with an original coal burning fireplace (not functional) but seller believes it can be converted to a wood burning fireplace. It is a great centerpiece on the 1st floor! The seller took down walls and put in a new eat-in kitchen that is gorgeous! SS appliances with a new gas stove (2024) new dishwasher (2024), granite countertops, upgraded cabinets and fixtures and recessed lighting. There is an adorable powder room on the 1st floor also. Downstairs, the basement has been completely remodeled (2024) with luxury vinyl flooring, with professionally sealed walls by PermaSeal and a humidity/purifier system to keep the basement dry and the air pure. Amazing and doubles your living space! There is a front and back staircase in this home. The upstairs has 3 generous bedrooms, an updated full bath and a walk up attic for all of your storage. Two of the bedrooms have walk-in closets! Outside you will find a new (2024) stamped patio with pergola and new (2024) new concrete back steps and walkways, and a new stone retaining wall. The perfect place for entertaining in the summer! There is a new garage door (2022) in the oversized 2.5 car garage. You will be able to fit 2 cars plus all of your toys in this garage! There is new vinyl siding (2023), new accent stone work, new roof (2022), new chimney cap (2024), new hot water heater (2024) and a new maintenance-free fence (2024). Hurry, this home won't last! Close to parks, schools, shopping and bike/walking trails!
Source: MRED #12340584
Source: MRED #12340584
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.
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.
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 620, 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 and Equal Opportunity Act.