440 S Villa Ave, Addison, IL 60101
3 beds · 2 baths · 1,914 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome home to this best Villa Park location close to everything you need. The yard is a gardener's delight measuring 301 ft deep! This delightful home has over 2700 sq ft with 3 bedrooms, 2 full bathrooms, a 1120 sq ft walk-out basement with a detached 2-car garage with room to expand out back and a double wide driveway. As you step into this light-filled haven, you'll be captivated by its classic charm and elegance. The first floor boasts original hardwood flooring throughout, creating a warm and inviting atmosphere. The 4-season room is wrapped in windows and the living room is a cozy retreat with original masonry fireplace, framed by beautiful built-in cabinetry and stained-glass windows. The dining room is perfect for hosting unforgettable gatherings with family and friends. The updated eat-in kitchen with seating overlooks the expansive back yard and boasts maple cabinets, granite countertops, a stylish tile backsplash and a large pantry with ample shelving and the original built-in ice box. The 1st floor Master bedroom has an adjacent full bathroom. Upstairs you'll find two large, additional bedrooms, an updated full bathroom with tons of storage space. Be sure to check out the special features list for more details and a list of all updates, including new siding & roof installed in 2019. We invite you to tour this spectacular 3820 sq ft. home & discover all it has to offer in a very convenient location, location, location!
Source: MRED #12302080
Source: MRED #12302080
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 and Equal Opportunity Act.