17104 Kenwood Ave, South Holland, IL 60473
3 beds · 2 baths · 1,433 sqft
Welcome to 17104 Kenwood Ave! This beautifully updated split-level home features 3 bedrooms, 2 baths, and a cozy downstairs family den perfect for relaxing or entertaining. The main level boasts stunning new hardwood floors throughout the living room and bedrooms, adding warmth and style to every space. The custom-designed kitchen is a chef's delight, complete with a middle island, modern Silestone countertops, and custom cabinets, all flowing seamlessly into the dining room-ideal for gatherings. Downstairs, the spacious family den provides a versatile area for movie nights, a playroom, or a home office. A dedicated laundry area adds convenience, and the oversized garage offers ample parking and storage. Step outside to a huge backyard with a lovely porch for enjoying your morning coffee or hosting BBQs. This home is in a prime location, close to expressways and shopping centers, blending suburban tranquility with urban convenience.
Source: MRED #12212142
Financials
Source: MRED #12212142
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.