1704 MIDDLEBURY DR, Aurora, IL 60503
Step into comfort and convenience in this stunning townhouse, where every detail is designed to impress and every corner invites you to call it home. Welcome Home! This beautifully maintained townhouse offers a perfect blend of updates and cozy living. Step inside to find a home that's truly move-in ready, featuring a suite of new upgrades that will give you peace of mind for years to come. HVAC & AC System: Only two years old, ensuring optimal comfort in every season. Water Heater: Just one year old, providing efficient and reliable hot water. Washer & Dryer: Installed three years ago, making laundry day a breeze. Dishwasher & Refrigerator: Brand new in 2024, adding a sleek, modern touch to the heart of the home. The lower level offers a flexible space ideal for family time or remote work, complete with access to the two-car garage for added convenience. No getting wet from the snow this winter. Speaking of snow, you do not have to shovel. This is included in your HOA fees. With these recent upgrades, you can enjoy the convenience of new, energy-efficient appliances and systems, all in a location that can't be beaten. Don't miss out on the chance to make this townhouse your dream home!
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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: #mrd12137497