1380 Ritter St, North Aurora, IL 60542
4 beds · 3 baths · 3,240 sqft sqft
Welcome to this stunning and impeccably maintained 2-story home in desirable Randall Highlands. Step inside to discover a spacious open floor plan with gorgeous hardwood floors, abundant windows flooding the home with natural light and picturesque pond views. Boasting over 3,200 sq ft of perfection, every inch of this home has been crafted with meticulous attention to detail! Gather with loved ones in family room, where a cozy fireplace sets the stage for relaxing evenings at home or work from home in the main floor private office. The kitchen is a true standout, with beautiful 42" cabinetry adorned with crown molding, granite counters, huge center island and large eating area. Exceptional stainless-steel appliances, including double ovens. Upstairs, the spacious primary suite awaits with tray ceiling detail, two impressive walk-in closets and a private bath featuring a soaker tub, luxury shower and dual sink vanity. The FULL unfinished basement with rough-in plumbing, offers endless possibilities. The pristine 3-car garage opens to a wonderful mudroom area with a great cabinet that provides both function and style. This home offers incredible curb appeal from the covered front porch and professional landscaping situated on a spacious lot overlooking a beautiful pond. Easy access to I-88, shopping, dining, parks, and schools.
Source: MRED #mrd12184188
Interest rate and monthly payment estimated based on public records.
Source: MRED #mrd12184188
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #mrd12184188