700 Westfield Crse, Geneva, IL 60134
4 beds · 4 baths · 2,127 sqft
This beautiful home in the Fields of Geneva East offers an impressive blend of luxury and convenience. With 5 bedrooms and 3 1/2 bathrooms, the property provides ample space and is designed for comfort and entertaining. The main living area features an inviting open family room leading into a large, modern kitchen equipped with stunning silestone countertops, high-end stainless steel appliances including a Wolf range and Sub-Zero refrigerator, and a reverse osmosis system. Step outside to a fenced yard onto a 19x15 patio with a lighted pergola, perfect for outdoor relaxation, enhanced by built-in Bose speakers. The basement, recently renovated, offers a fantastic space for entertaining with a wet bar, full-sized refrigerator, and plenty of storage, along with a prime viewing area for game days. The full bathroom in the basement is a standout feature, boasting a waterfall design shower, porcelain flooring, and even a Bluetooth-enabled fan. Additional highlights of the home include a versatile fifth bedroom that can be used as an office or workout room, large load capacity Kenmore Elite washer and dryer, a massive concrete driveway that accommodates up to 8 cars (poured in 2020 and is envied by all neighbors), a new 8x12 shed (2022), and a new garage door (2018). The home also offers numerous functional upgrades like new ceiling fans, new ejector pit and floor drain, fresh paint, and extensive attic storage with built-up flooring, attic fans, extra insulation, and pull-down stairs. Located in the highly regarded Geneva School District, this home is conveniently close to downtown Geneva, Metra, Prairie Path, shopping, walking trails, and Moore Park with a splash pad. This is a must-see property in a desirable neighborhood with no HOA. Come out and take a look!
Source: MRED #mrd12167739
Source: MRED #mrd12167739
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: #mrd12167739
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.