1838 Clarendon Ln, Aurora, IL 60504
4 beds · 3 baths · 2,256 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Bright and spacious 4-bedroom, 2.5-bath home with dramatic two-story cathedral ceilings that truly make a statement. The open-concept layout offers exceptional flow throughout the main level. A large living and dining area connects seamlessly to the generously sized family room, which leads into a spacious kitchen featuring granite countertops, white cabinetry, and stainless steel appliances-ideal for both everyday living and effortless entertaining. Natural light pours into the eating area just off the kitchen, where sliding glass doors open to a concrete patio-perfect for dining al fresco during the warmer months. A versatile room tucked at the back of the home overlooks the backyard and makes a great home office or playroom. A convenient laundry room off the 3-car garage and a powder room complete the first floor. Upstairs, you'll find four well-sized bedrooms, including a large primary suite with dual sinks, an oversized soaking tub, and a separate walk-in shower. A shared hall bath serves the additional bedrooms. The expansive basement offers ample storage and endless potential-whether you're looking to add a home gym, media room, or guest suite. Situated on a generous corner lot and just steps from a charming neighborhood playground, this home checks all the boxes for comfort, space, and location.
Source: MRED #12338542
Source: MRED #12338542
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.