11319 S Carpenter St, Chicago, IL 60643
4 beds · 2 baths · sqft
Welcome to 11319 South Carpenter Street in the vibrant Morgan Park neighborhood of Chicago, IL. This beautifully updated single-family home combines modern style with everyday comfort, making it an ideal choice for those seeking a perfect blend of sophistication, practicality, affordability. This home features low taxes and fair pricing, which makes it a great option for the money savvy buyer. Step inside to discover over 1,400 square feet of thoughtfully designed living space, where tall ceilings and long hallways lead you to a bright and spacious living room. This entire home is bathed in natural light, creating a warm and inviting atmosphere perfect for both relaxation and entertaining. The heart of the home is the updated kitchen, featuring sleek white cabinetry and luxurious epoxy countertops that add a touch of elegance. With abundant counter space, this kitchen is perfect for cooking and preparing meals, making it a culinary enthusiast's dream. This home includes four generously sized bedrooms, with three above grade and one in the fully finished basement. The basement, with its premium epoxy flooring, provides an excellent space for gatherings or a personal retreat. Both bathrooms have been tastefully updated with custom tile work, with one conveniently located upstairs and the other in the basement. Experience year-round comfort with central air conditioning and efficient gas heat. Beautiful hardwood floors extend throughout the common areas, enhancing the home's warmth and character. Outside, the large backyard is perfect for summer barbecues or relaxing in the sun. During the winter months, the cozy interior becomes a warm haven, ideal for enjoying quiet evenings or hosting indoor get-togethers. Conveniently located near the expressway and the Red Line train, commuting is a breeze. You're also just moments away from Jewel Osco and the vibrant shopping, dining, and entertainment options in the nearby West Pullman neighborhood. This home offers a wonderful opportunity for those who appreciate both style and convenience. There are multiple homeowner grants that can be applied towards the purchase of this home. Don't miss your chance to make it yours!
Source: MRED #12215259
Interest rate and monthly payment estimated based on public records.
Source: MRED #12215259
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 45-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: #12215259
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.