1368 Newcastle Ln, Bartlett, IL 60103
4 beds · 3 baths · 2,820 sqft
Get a free consultation call with an expert in the mortgage assumption process.
***MULTIPLE OFFERS RECEIVED / BEST AND FINAL DUE 04/06 (Sunday) by 7PM***Wow! Welcome to 1368 Newcastle Ln.! This stunning 4-bedroom, 2.5-bathroom home perfectly blends modern elegance, convenience, and functionality. Nestled on a spacious lot in a highly desirable neighborhood, this home is just minutes from parks, schools, shopping, and public transportation, including train stations and expressways for an effortless commute. Step inside to soaring ceilings and exquisite hardwood flooring that enhance the home's open and airy feel. The main level features a spacious living room, a formal dining room ideal for entertaining, and a fully updated kitchen with custom shaker cabinets, granite countertops, and high-end stainless steel appliances. A convenient laundry room and a stylish half bath complete this level. Upstairs, you'll find four generously sized bedrooms, including a luxurious master suite with a huge walk-in closet and a spa-like en-suite bath featuring a soaking tub, dual vanities, and a separate shower. The fully finished basement adds even more living space, offering a large recreation room and ample storage-perfect for entertainment, a home gym, or a play area. Step outside into your beautifully landscaped backyard, an outdoor oasis ideal for relaxation or hosting gatherings. An attached two-car garage, a shed, and a playset add extra convenience. Major updates include a high-efficiency Ducane gas furnace, A/C condenser unit, and Smith 50-gallon water heater, all installed in 2021. The roof and windows were replaced in 2016, and the home has been freshly painted with new doors, trim, and casings throughout. The washer and dryer are approximately three years old. Conveniently located within walking distance to Prairieview Elementary School, as well as nearby playgrounds and scenic walking paths, this home is truly a gem, offering exceptional value and modern comforts. Don't miss this incredible opportunity to own a move-in-ready home with contemporary updates and timeless charm. Schedule your showing today before it's gone!
Source: MRED #12327159
All values shown are estimated costs / mo.
Source: Public records
Source: MRED #12327159
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.
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 of Equal Opportunity Act.