Find your perfect, move-in-ready retreat! This stunning 3-bedroom, 2.5-bath home in Aurora's desirable Wheatlands subdivision is completely updated and waiting for you. Step inside and feel the fresh energy-the entire home was just painted in November 2025! You'll love the new first-floor carpet and flooring (2020) that flows into the light-filled family room with its cozy fireplace. The open kitchen shines with 42" cabinets and a suite of newer appliances, including a 2-year-old microwave and stove, and a 4-year-old dishwasher and refrigerator. Upstairs, the very spacious loft provides a flexible office or play area and can easily be converted into a 4th bedroom. The second-floor hall bath features a brand-new shower (2024), and the master suite is a true escape with its vaulted ceiling and spa-like garden tub. The fully finished basement offers fantastic bonus living space. Conveniently, the 2 year old washer and dryer are located on the main floor. This home is truly worry-free. Enjoy total peace of mind with major systems updated, including a new AC, furnace, and hot water heater (2021), plus a new sump pump and injector pump (2025). The exterior is just as pristine, featuring a new roof (2017) and updated vinyl siding (2015). Commuting is a breeze with I-88 just 3.5 miles away. You are moments from Eola Road, 3.8 miles from the Route 59 corridor, and 4.4 miles from Fox Valley Mall. Enjoy downtown Naperville (7.5 miles) or downtown Aurora (5.7 miles). Served by the acclaimed Oswego (308) School District (Homestead Elementary 1 mile, Oswego East HS 2.2 miles), this home blends beauty, location, and total peace of mind. Schedule your tour today!
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
