3157 Matlock Dr, Yorkville, IL 60560
4 beds · 3 baths · 2,862 sqft
This spacious 4-bedroom + den, 2.5-bath home sits on a fenced-in premium lot backing to a grade school and park, offering direct access to the community's fantastic amenities, including parks, pools, a clubhouse, and walking/biking trails. Inside, the home features a stylish neutral decor with easy-to-maintain vinyl wood-look flooring throughout most of the main level. The dream kitchen boasts 42" white cabinetry, stainless steel appliances, a spacious island with a breakfast bar, a pantry, and a cozy breakfast nook. Generous room sizes include a versatile loft and den, perfect for a home office or game room, while three of the four bedrooms offer walk-in closets for ample storage. A convenient first-floor laundry room is located just off the insulated two-car garage. Step outside and enjoy the brand-new concrete paver patio (installed in 2024)-an ideal space for outdoor entertaining and relaxation. Need more space? The full basement is well laid out and ready to be finished to suit your needs. Located in the heart of Yorkville, this home offers easy access to shopping, dining, the Fox River, golf courses, a water park, and the YMCA, with close proximity to I-88 and the Metra for a seamless commute. Don't miss this opportunity-schedule your private showing today!
Source: MRED #12287335
All values shown are estimated costs / mo.
Source: Public records
Source: MRED #12287335
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 of Equal Opportunity Act.