546 Elmwood Ct El Paso, IL 61738
Your savings
About this home
Welcome to your very own Lantern Waste in the heart of El Paso. A rare and enchanting Arthur Pillsbury all-brick manor that beckons with magic, history, and charm. This beautifully preserved 4-bedroom, 2.5-bath home is a true portal to the past, showcasing original features that have stood the test of time like the ancient trees of Narnia. Wander across gleaming hardwood floors that whisper stories of generations past. Marvel at intricate tile work and exquisite woodwork carved with the grace of Cair Paravel's finest artisans. The kitchen, with its original cabinetry and tastefully updated granite countertops and center island is a warm, inviting haven-fit for preparing Turkish Delight or hosting a royal feast. Every built-in nook and crafted cabinet is a secret waiting to be discovered, much like the hidden treasures of the Professor's house. Upstairs, the finished attic is transformed into a theatre room with a full bath, offering a whimsical retreat-perfect for storytelling, stargazing, or stepping into a world beyond our own. Set on a quiet court, this historic home is not just a place to live-it's a place to believe. Whether you're a seeker of architectural wonder, a lover of history, or someone longing for a bit of everyday magic, this Pillsbury masterpiece is calling you home.
Source: MRED #12364098
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.