17755 TURTLECREEK DR, Homewood, IL 60430
Your search is finally over! You will fall in love with this impeccably modern home located within the school district of Homewood Flossmoor High School! Your new home is located towards the end of a cul-de-sac street with a playground just steps away in the HIGHLY sought after area of Homewood! BRAND NEW roof and siding was just installed on this home in July 2024! This new fully rehabbed home is equipped with 4 generously sized bedrooms with another bonus room in the fully finished basement. All 4 bedrooms are located on the homes upper level! Upper level is also equipped with 2 nice sized full bathrooms. This home is bright with plenty of natural lighting. On the homes main level, you will find an oversized living and dining area and bright kitchen with all new stainless steel appliances and ample all white cabinetry. On the lower level, there is a large family room with plenty of space to entertain and also a half bath so that your guests dont have to go upstairs to use the washroom! The finished basement could also house family gatherings and can also work as a man cave for those loud sports game discussions! Basement also offers a large laundry/utility room and a extra room that could be used as a guest room, office or additional storage. The large 2.5 car garage offers ample parking spaces along with the properties driveway. This home is perfectly rounded out with new manicured landscaping in both the front and the extra large newly fenced backyard. Whether you're hosting a dinner party, Super Bowl viewing or backyard BBQ, this home has it all. All you need to do is move in! Motivated seller!
You may be able to put down less than the total down payment amount of $40,444 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #mrd12126737