1010 Evergreen Cir, Olympia Fields, IL 60461
4 beds · 3 baths · 2,139 sqft sqft
SELLER IS RELOCATING AND MOTIVATED! Welcome to your dream home in the heart of Olympia Fields! Don't miss this sprawling ranch nestled on a wooded .60 acre in a quiet cul-de-sac. With over 4,000 sq ft of thoughtfully designed living space, this home features 4 spacious bedrooms and 3 full bathrooms, perfect for both relaxation and entertaining. Many high-end finishes throughout - vaulted ceilings with skylights, hardwood floors, stunning wall-to-wall/floor-to-ceiling brick fireplace, large windows, gourmet kitchen and spa-inspired baths. The finished walkout basement is the ideal place for entertaining family and friends with a generously-sized family room featuring a wet bar with beverage fridge. Relax in the heated 4-seasons room all year long or enjoy your morning cup of coffee on the inviting front porch! This home was completely remodeled in 2015, along with a new roof 2019. New furnace, ac, window wells/covers 2018, water heater 2022, sump pump 2023. Don't miss this opportunity to enjoy a modern home in a tranquil setting! Home is being sold as-is. Schedule your showing today!
Source: MRED #12157442
Interest rate and monthly payment estimated based on public records.
Source: MRED #12157442
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 30-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #12157442
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.