1701 W Greenleaf Ave Apt G # G, Chicago, IL 60626
2 beds · 1 baths · sqft sqft
Attention 1st time buyers or Investors! Wow! This is an awesome affordable soft loft that gets great east natural light! Only 3 steps down, this unit feels more like an English garden, as it has full height windows. Exposed brick, exposed ductwork, beautiful gleaming dark hardwood floors, recessed lighting, and nice ceiling fans. Imported Italian cabinetry in kitchen, with plenty of room for a table. Stainless refrigerator, granite counter tops too. Nice floor plan with king-sized master bedroom w deep closet. 2nd bedroom is smaller, and more like an office. Individually controlled heat/ac with Nest system thermostat. In-unit full-sized stackable laundry. Extra large storage with common bike storage. No deck but plenty of patio area out the back door for bbq. NO RENTAL RESTRICTION! Well located with a Quick walk to the Metra or the Redline, and awesome restaurants along Clark Street, Glenwood, or Morse. Shop at Rogers Park Fruit Market, Morse Market, or the Glenwood Sunday Market thru October. Wild Onion grocery. Enjoy many of Rogers Park award winning theaters, wonderful restaurants and pubs! Easy street parking on this quiet residential street. Beautiful! Only 5 blocks to Lake Michigan, parks and beaches. Remember, it is ALWAYS COOLER by the LAKE!
Source: MRED #12191581
Interest rate and monthly payment estimated based on public records.
Source: MRED #12191581
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: #12191581
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.