2106 Templar Dr, Naperville, IL 60565
3 beds · 3 baths · 1,801 sqft
This amazing Old Farm home features Gleaming hardwood floors in the living room, dining room, family room and ALL bedrooms. Kitchen and Foyer have newer luxury vinyl plank flooring and newer lighting on the entire 1st floor. The well-designed kitchen has been updated with granite countertops, stainless steel appliances and upgraded solid oak cabinets. The eating area with a sliding glass door opens to the oversized brick paver patio. The family room features a beautiful white painted gas fireplace and bay window. The living room has a wall of windows which makes this home very light and bright. The 2nd level features three spacious bedrooms. The Large Primary suite has an updated ensuite with a newer heated ceramic floor in the bathroom, newer shower with glass door, newer toilet and vanity. The second level also features 2 other nice size bedrooms and a fully updated hallway bath. The basement has tons of room for storage and is awaiting your finishing touch. Central Vac. Professionally landscaped fenced backyard features a large paver patio and is very secluded. Close to schools, walking paths and parks. Refrigerator in Garage stays. Please exclude the Overhead storage in the Garage. As-is Surround sound speakers in the living room ceiling along with the cords all stay with the home. (It worked the last time they had it hooked up.) Highly acclaimed School District 203!!!
Source: MRED #mrd12106757
Source: MRED #mrd12106757
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #mrd12106757
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.