7797 Asbury Cir S, Hanover Park, IL 60133
3 beds · 2 baths · 2,100 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to this beautifully maintained split-level home, nestled on a peaceful cul-de-sac with a fenced yard for privacy. This charming residence offers 3 bedrooms, 1 full bath, and 1 half bath, with elegant crown molding and chair rail accents in the living and dining rooms. The full bath was tastefully remodeled in 2020, and several windows have been replaced, while 5 original windows remain. Key updates include a furnace (2010), air conditioner (2019), water heater (2010), sump pump (2018), and a newer front door. The washer and dryer were updated in 2020, and the kitchen features a stove and dishwasher. New LVP flooring has just been installed in the living room, dining room, hallway, and stairs extra flooring is available for the basement rooms. A large sliding glass door in the kitchen allows easy access to the deck and backyard, flooding the space with natural light. The cozy family room is enhanced by a gas-log fireplace, perfect for relaxing evenings. The lower level includes a spacious laundry room with ample storage. Located in the highly sought-after Schaumburg School District 54 & 211, this home is ready for you to move in and enjoy!
Source: MRED #12293438
Source: MRED #12293438
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.