422 S President St, Wheaton, IL 60187
3 beds · 2 baths · 1,478 sqft
Welcome to this beautifully upgraded ranch home in the heart of Wheaton, Illinois! Step inside and be greeted by the warmth of the stunning fireplace and gleaming hardwood floors that flow seamlessly through the dining room, living room and all 3 bedrooms. This 3-bedroom, 2-bathroom home boasts an array of recent upgrades that make it a must-see! The kitchen has been completely reimagined with brand-new stainless steel appliances, sleek white quartz countertops with beige veining, and an expanded layout featuring a pantry and extended cabinetry. It's a true culinary dream! The home's laundry room is equally impressive, with new Samsung washer and dryer units, fresh LVP flooring, and a stylish full-length window entry door. Every detail, from the updated baseboards to the 5-inch craftsman-style trim, has been thoughtfully selected. Notable upgrades extend to the exterior as well, with a fresh coat of paint, a smart-lock front door, and lush, professionally treated landscaping in 2023 and 2024. The home's mechanics have all been updated, including a new central AC system, furnace, and a 50-gallon water heater. The electrical system, outlets, and fixtures have also been modernized, along with a Google thermostat for smart home convenience. Nestled in the vibrant and family-friendly community of Wheaton, you'll enjoy access to top-rated schools, beautiful parks, and a charming downtown area filled with shops, dining, and entertainment - the Metra station is just minutes away! This home is move-in ready, providing a perfect opportunity for you to make it your own. Don't miss out on this gem!
Source: MRED #12165844
Source: MRED #12165844
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: #12165844
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.