2179 HAMMEL AVE, Aurora, IL 60504
LOCATION, CONDITION, PRICE - THE PERFECT TRIFECTA! This Four Pointes beauty is situated on a super quiet street and backs to a private tree line and peaceful stream. The professionally landscaped yard lures you outdoors where you'll enjoy a unique calmness that consumes you. That natural feel flows inside through each and every oversized window and door. Inside and out, this home is truly impressive! It has all the right spaces and a comfortable, easy flow. The gourmet kitchen was totally redone in 2017 and boasts crisp white cabinets, sleek granite counter tops, newer stainless steel appliances (2021), custom back splash and spacious eating area. It flows easily into the family room with gas log fireplace for ultimate entertaining. All the three upstairs bedrooms are generously sized and all the bathrooms were updated in August 2024. The full, finished WALK OUT BASEMENT with 4th bedroom, full bath, rec area and office is a rare bonus. Whether this space is used for entertaining, hanging out, or as a related living area, it adds tons of extra living and storage space to this already comfortable home. There's an outdoor shed to store your lawn and garden equipment, and the yard is fully fenced! The (leased) solar panels will save you over between $75 and $125 on your monthly electric bills. Newer light fixtures throughout 2024. Newer furnace 2023. Newer water heater 2022. Newer sump and ejector pumps 2022. Serviced by highly acclaimed Dist 308 schools and conveniently located near the Rte 34 corridor. This home is priced right and ready to go. Get here quick before someone else does. WELCOME HOME!
You may be able to put down less than the total down payment amount of $230,655 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
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: #mrd12146876
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.