2484 Warwick Ct, Aurora, IL 60503
6 beds · 4 baths · sqft
Welcome to the quiet Wheatland-Summit neighborhood, into a stunning home located on a cul-de-sac. A beautiful brick-front exterior leading to the elegance and comfort found in a traditional home. The living room features a cathedral ceiling complimented by gorgeous sunlight, and a cozy fireplace. Connected to a spacious kitchen with an eating area and a large balcony door. The kitchen features wood cabinetry with a large island, granite countertops and stainless steel appliances. This home offers 6 bedrooms and 3.5 baths. Four of them are upstairs with two full baths. One on the main level with a half bath and one in the basement with a full bath. A finished walkout basement with a cozy family room, recreational room, exercise room and storage room. The walkout basement is leading to the well maintained exterior, featuring a beautiful patio covering the length of the yard, a firepit and stairs that lead to the front of the property. The roof and siding were repaired 5 years ago, the water heater and A/C unit were replaced 5 years ago. The furnace was replaced in 2023. (Receipts will be provided) Located in a great school district, nearby parks and shopping centers, this impeccably maintained home won't be on the market for long. MAKE IT YOUR DREAM HOME TODAY!!! $10,000 bonus for the buyer who will submit offer before Christmas" Thanks!
Source: MRED #12158014
Interest rate and monthly payment estimated based on public records.
Source: MRED #12158014
Source: Public records
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: #12158014
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.