1035 Newcastle Ln Aurora, IL 60506
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About this home
SHOWS LIKE A MODEL - MOVE-IN READY! Welcome to 1035 Kensington Lakes, where elegance, comfort, and location converge. This impeccably maintained home features 3 spacious bedrooms, 2.5 baths, and a full basement (no crawl), offering the perfect blend of functionality and style. Step inside and be greeted by a dramatic vaulted ceiling in the family room, anchored by a cozy fireplace and expansive windows that frame breathtaking views of the surrounding lakes and open green space. The formal living and dining rooms provide sophisticated entertaining space, while the large eat-in kitchen is designed to take full advantage of the serene backyard scenery. The primary suite is a true retreat, boasting a private bath and generous walk-in closet. Additional highlights include a large front porch perfect for relaxing, a backyard patio with shed, and pride of ownership reflected throughout the home. Situated in the highly sought-after Kensington Lakes community, this property offers an unmatched lifestyle. Multiple stocked lakes (catch-and-release fishing), scenic walking paths, and abundant open space create a neighborhood that feels like a private retreat. With quick access to I-88, Metra, top schools, and premier Randall Road shopping and dining, convenience is always at your doorstep. Recent updates-roof and siding (2019), furnace and A/C (2020)-provide peace of mind for years to come. This home truly stands apart, with rare open views on nearly every side-offering privacy, beauty, and an unbeatable setting. Don't miss your chance to own one of the most desirable homes in Kensington Lakes. Schedule your private tour today and experience firsthand why this community is one of the area's most popular places to call home!
Source: MRED #12472904
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FAQs
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.