530 Litchfield Way, Oswego, IL 60543
5 beds · 5 baths · 3,659 sqft

Get a free consultation call with an expert in the mortgage assumption process.
Welcome to Southbury-one of Oswego's most sought-after subdivisions where luxury living meets resort-style amenities. Homes in this prestigious community rarely hit the market-and for good reason. This show-stopping residence features a private backyard oasis with a heated in-ground pool, brand-new liner and filter, a charming gazebo, and panoramic pond views-just in time for summer! With over 4,000 sq. ft. of elegant living space, the home backs to a tranquil pond and is just steps from The Southbury Clubhouse, where residents enjoy access to a private pool, fitness center, event space, and scenic walking trails. The roof is only 2 years old, offering added peace of mind for years to come. A visit to the home isn't complete without stopping by the clubhouse to see the lifestyle that makes this neighborhood so desirable. Inside, the home impresses with high-end upgrades including brand-new carpeting, fresh designer paint, stained flooring, wainscoting, crown molding in the formal dining room, and new baseboards throughout the main level. The gourmet kitchen has been professionally refreshed with new backsplash, updated lighting, and painted cabinetry, seamlessly flowing into the great room and sunroom-ideal for entertaining. A dual-entry staircase adds architectural charm, while a main-floor bedroom and full bath offer flexible living options. The luxurious primary suite upstairs includes a sitting area, spa-like bath with dual vanities, soaking tub, separate shower, and a huge walk-in closet. Every bedroom includes its own walk-in closet, and the partially finished basement offers both a recreation area and home gym. Bonus upgrades: new washer/dryer, microwave, Nest thermostats, Nest doorbell, new front door, shutters, and garage door opener. This is more than just a home-it's the lifestyle you've been searching for. Don't miss your chance to live in Southbury's finest!
Source: MRED #12301287
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: MRED #12301287
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.
