1409 Harlem Ave, Forest Park, IL 60130
4 beds · 2 baths · 1,700 sqft sqft
Welcome to this charming 2-story home located in a desirable residential neighborhood of Forest Park! This location is a commuter's dream with easy access to I-290, "L" Train and Bus Stop! This home is in a perfect location in a vibrant and walkable community, residents will delight in convenient access to transit, parks, schools, shopping, dining, Rush University Medical Center and Loyola University Medical Center. The spacious, open layout is a haven for relaxation and entertainment. Step inside and notice the gleaming hardwood flooring that flows throughout. This space is light and bright with the natural light flowing in. The kitchen and dining area are ideal for hosting parties and provide the perfect space to entertain. Gorgeous kitchen features white shaker cabinets, Quartz countertops, gorgeous gray subway tile backsplash and stainless steel appliances with a vent hood. Convenient breakfast bar with seating for 3 is ideal for quick morning meals. Whether you are preparing a gourmet meal or preparing a quick snack, this kitchen is sure to inspire your culinary creativity! Exterior door in the kitchen leads to the covered back porch. This is the perfect spot to enjoy your morning cup of coffee or unwind in the evening after a long day. There are 4 bedrooms, plus an office, 2 full baths and a full, unfinished basement. The laundry area is located in the basement - washer & dryer stay with the home. The detached 2 car garage provides plenty of room to park your cars or use for extra storage space. There is also a gravel space next to the garage to allow for optimum parking space. New Electric Panel with 200 AMP Service, HVAC, Water Heater, Roof and Windows in 2017, Sump Pump replaced 3 years ago. Schedule your showing today!!
Source: MRED #12131818
Interest rate and monthly payment estimated based on public records.
Source: MRED #12131818
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: #12131818
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.