867 Blue Aster Pkwy, Gilberts, IL 60136
4 beds · 3 baths · 2,384 sqft
Welcome to the CONSERVANCY - A Home Perfect for Growing Families at an Incredible Value! This spacious Venice model is designed with family living in mind, offering one of the best open floor plans in the highly coveted CONSERVANCY neighborhood. Ideal for large families or those who love to entertain, the home features a chef-inspired kitchen with stainless steel appliances, elegant granite countertops, stylish canned lighting, a beautiful backsplash, and a large island perfect for preparing meals or gathering around. The adjoining morning room is bright and inviting, providing a perfect space to enjoy your morning coffee while taking in the serene backyard view. Upstairs, the expansive primary suite is your private retreat, complete with a spacious walk-in closet and a luxurious bath. Three additional generously sized bedrooms give everyone their own space, while the well-appointed bathroom and convenient laundry area add extra convenience for the whole family. The large, unfinished basement offers unlimited potential for customization-whether you need a playroom, home gym, extra storage, or a space for the growing teenagers to call their own, the possibilities are endless! This home offers unbeatable value with its spacious layout and prime location. It's just minutes away from parks, walking trails, and the forest preserve, offering endless outdoor activities for the whole family. Plus, with easy access to Randall Rd, Rte 47, shopping centers, schools, and I-90, you're never far from everything you need. Don't miss the opportunity to own this amazing home at a fantastic price-perfect for your family to move in and start making memories. Schedule your showing today!
Source: MRED #12325376
Financials
Source: Public records
Source: MRED #12325376
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.