14627 Kimbark Ave, Dolton, IL 60419
3 beds · 2 baths · 1,128 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Come discover this meticulously maintained split-level gem conveniently located near I-94 in Dolton, IL! This recently updated 3-bedroom, 1.1-bath home boasts an all-brick exterior and sits on a beautifully landscaped lot with a fenced rear yard and spacious concrete patio. Parking options include a two-car garage with an inground pit, a separate side driveway, and an additional fenced carport, which could also serve as a canvas for outdoor living or recreation. Inside, the main level offers a bright and inviting living room featuring refinished hardwood floors and recessed lighting. The contemporary kitchen and dining area are equipped with gray cabinetry, granite countertops, stainless steel appliances, and luxury vinyl flooring. A modern half bathroom with updated fixtures and coordinated tilework is conveniently situated on this level. The private second level provides for individual bedroom retreats, each adorned with hardwood floors, lighted ceiling fans, and new window treatments, while the full bathroom on this level features a tub/shower combination and a nearby linen closet. On the lower level, the family room showcases a decorative electric fireplace and exterior access, perfect for seasonal or indoor/outdoor entertaining. Adjacent to this space is a sizable laundry/utility room equipped with a washer, dryer, and additional storage. The home also features central air conditioning and security system equipment. Conveniently located near schools, shopping, and public transportation, this residence offers both comfort and accessibility at an affordable price.
Source: MRED #12331850
Source: MRED #12331850
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.