151 Pier Ct, Naperville, IL 60565
2 beds · 1 baths · 1,051 sqft sqft
Welcome to Naperville's Waterfront Estates, where charming, move in ready duplex living meets a prime Naperville location! This inviting, ranch-style duplex features a private entrance and a front porch that welcomes you to a cozy, freshly painted, well-maintained home. Situated on a serene cul-de-sac lot with no backyard neighbors, you'll enjoy park-like views of a lush, open green space. Step inside to discover a bright, open living room highlighted by the warm mood of a gas log fireplace, vaulted ceiling and dining area, both with sleek luxury vinyl plank flooring. The kitchen is a delight with white painted oak cabinets and all appliances including dishwasher, new Stainless-steel refrigerator with ice maker and new Gourmet Stainless-steel Air Fryer / Convection oven with center Griddle! The owner's bedroom offers new carpeting, a private entrance to the shared full bath, a 5x5 "dressing area" with a vanity and sink, and a spacious walk-in closet. The second bedroom, also with new carpeting and lovely views of the back yard green space. Additional features include a large laundry/utility room with a full-size washer and dryer, a sliding glass door from the dining room leading to a generous size private deck with a great view. The oversized attached 1-car heated garage includes room for extra storage. This lovely home offers peace of mind with a new furnace and A/C installed in 2019, a roof replacement around 2015. Enjoy the tranquility of this quiet neighborhood, just minutes from downtown Naperville, the train station, expressways, and the River Walk!
Source: MRED #mrd12154592
Interest rate and monthly payment estimated based on public records.
Source: MRED #mrd12154592
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: #mrd12154592