1722 Middlebury Dr, Aurora, IL 60503
3 beds · 3 baths · 1,385 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Multiple offers have been received. Highest and best by Tuesday April 22 at 1pm with a decision by 4pm. No escalation clauses please. Step into this beautifully finished town home where natural light and cheerful charm greet you at every turn. The kitchen is as functional as it is stylish, featuring stainless steel appliances, a tasteful backsplash, and an additional built-in cabinetry with lighting for added storage. A cozy bay window invites morning sunlight, making it the perfect spot for your breakfast nook. Enjoy hardwood floors that flow through the open-concept dining and living areas, where you'll also find access to a private balcony-ideal for relaxing or entertaining. The lower-level family room offers a warm and inviting retreat with a charming fireplace, perfect for cozy evenings. Upstairs, the vaulted ceiling in the primary bedroom adds a touch of elegance, complemented by a deep, walk-in closet, two additional closets and a custom-built-in window seat with storage-your perfect reading or relaxing spot. Convenience is key, with the washer and dryer on the upper level. The home has been well maintained with a roof that's just 2 years old and a furnace and A/C system updated only 3 years ago. Don't miss this move-in ready gem that truly feels like home!
Source: MRED #12333739
Source: MRED #12333739
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.