With its downtown brownstone-inspired exterior and incredibly unique layout, this is far from your typical suburban townhome. One of the home's most distinctive features is right outside the FRONT door - it is the walkout lower level that opens directly to a charming patio - creating an incredible extension of the living space ideal for entertaining, socializing with neighbors, or simply enjoying peaceful mornings with a cup of coffee. Inside, the home immediately impresses with an 8-foot front door, gorgeous banisters, tall ceilings, an open back staircase, abundant visibility, and hardwood floors throughout the main level. Fresh paint, brand-new carpet throughout, plantation shutters on every window, and thoughtful updates create a polished, elevated feel from top to bottom. The kitchen is both functional and stylish with granite countertops, a swanky tile backsplash, glass-paned cabinetry, and brand-new Samsung smart appliances including the refrigerator, stove, and microwave. A massive peninsula anchors the space while the attached dining area easily accommodates a table for eight - making entertaining effortless. A three-sided fireplace creates warmth and ambiance throughout the main living areas, while a designated area for a bar set-up adds yet another layer of functionality. The spacious layout includes three bedrooms, two and a half baths, bay windows in both the living room and primary suite, and upstairs laundry with a brand-new washer and dryer that makes everyday living easy. The primary suite offers a luxurious retreat complete with dual vanities, a separate soaking tub and shower, while the secondary upstairs bathroom has been beautifully remodeled with fresh finishes. Perfectly positioned in one of Naperville's most desirable locations, this sophisticated end-unit townhome offers not only an ideal spot on the map, but one of the premier lots within the neighborhood itself. Tucked into a private setting while still allowing easy guest and delivery access, this home delivers the rare combination of convenience, privacy, and architectural character. Located less than 10 minutes from downtown Naperville and under five minutes to Route 59 shopping, dining, and entertainment, this home perfectly balances low-maintenance living with style, warmth, and one-of-a-kind design.
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.
