203 Hill Ave North Aurora, IL 60542
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About this home
Welcome to the serene charm of 203 Hill Ave, a picturesque all-brick ranch nestled in the tranquil neighborhood of North Aurora, IL. This meticulously maintained home, with its timeless architecture, offers a harmonious blend of comfort and elegance, perfect for those seeking a peaceful retreat. As you approach the property, the quiet dead-end street whispers a promise of privacy and exclusivity. The home's stately presence is accentuated by the lush, manicured lawn, inviting you to explore its beauty further. Step through the front door and be greeted by the warmth of the living room, where a classic brick fireplace takes center stage, ready to host cozy evenings. The bay window bathes the space in natural light, creating an inviting atmosphere that beckons you to sit and stay awhile. The dining room, with its durable wood laminate flooring, offers an intimate setting for gatherings, while providing convenient access to the attached garage. The eat-in kitchen, the heart of the home, is a culinary haven with ample space for meal preparation and a view of the backyard that inspires. Step outside onto the brick paver patio, an idyllic spot for al fresco dining or simply enjoying the serene outdoors within the privacy of your fenced yard. This home boasts three generously sized bedrooms, each a sanctuary of rest and relaxation. The two bathrooms are well-appointed, offering both style and function. The convenience of a one-car attached garage adds to the home's appeal, ensuring your vehicle and storage needs are met with ease. Recent upgrades include a complete roof tear-off in 2013, ensuring years of protection from the elements. The electric panel was upgraded in the spring of 2025, and the central air and furnace were installed in July 2024, providing state-of-the-art climate control. Additionally, the washer and dryer were replaced in 2024, offering modern laundry facilities. Residing at 203 Hill Ave means embracing a lifestyle of comfort and convenience, with the assurance of a well-cared-for home. This all-brick ranch is more than just a house; it's a haven where memories are made, and life is enjoyed to the fullest. Don't miss the opportunity to make this your forever home.
Source: MRED #12509272
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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.
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