10927 Menard Ave, Chicago Ridge, IL 60415
3 beds · 1 baths · 1,306 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Gorgeous 3 bedroom, 1 bath 1,439 square foot sprawling brick ranch features a welcoming covered porch, professional landscaping, open concept layout, gleaming oak hardwood floors, recessed lighting, modern fixtures, an inviting living room with picture window, fully renovated gourmet kitchen with custom two-toned cabinetry, granite countertops, stainless steel appliances and walk-in pantry, dining room with sliding patio doors to the concrete patio, three good sized bedrooms, a luxury bath and full size laundry room! Massive fenced yard with a newer custom built shed, Veranda and concrete patio. Extra wide side driveway leads to the recently painted detached garage with a newer roof. Huge 67X125 lot! Newer: Shed (2024), Maytag washer with 10 year warranty (2020), furnace and central air (2017/18), architectural roof and water heater (2016) and sliding door with built in blinds (2014). Fantastic location near the Metra, shopping, Mall, restaurants and parks! Quick access to I-294! Property taxes are $5,013.26 per year with the Homeowner's Exemption.
Source: MRED #12336190
Source: MRED #12336190
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.