1810 Thompson Ave, Zion, IL 60099
3 beds · 3 baths · sqft
Nestled in a peaceful Northside neighborhood, this stunning 3-bedroom, 2.5-bath ranch is a gem for the discerning buyer. Step into the welcoming foyer and discover a home full of thoughtful updates and an open floor plan perfect for modern living. The spacious living room, combined with a dining area, features gleaming hardwood floors that enhance its elegance. The light and bright eat-in kitchen is a chef's dream, offering an abundance of gorgeous white cabinets with crown molding, granite countertops, stainless steel appliances, and a versatile island. The planked flooring adds a touch of rustic charm. The large master bedroom suite is a retreat of its own, complete with a private full bath offering dual sinks and his-and-hers closets. Two additional nicely sized bedrooms provide comfort and style. First floor washer and dryer offers added convenience. The finished basement is an entertainer's delight, with ample space for gatherings of friends and family. Practicality is not overlooked, with storage/utility space under the stairs and backup sump pumps providing peace of mind. Outdoor living is equally impressive with a huge deck perfect for summer relaxation, overlooking a large fenced rear yard and serene garden. The attached 2.5-car garage offers plenty of space, complemented by ample off-street parking. Situated on a quiet, low-traffic street, this home is surrounded by the natural beauty of forest preserves and is conveniently located near shopping, schools, public transportation, and just minutes from Lake Michigan beaches. This is the ideal blend of comfort, convenience, and charm! Make this home yours today!
Source: MRED #12185752
Interest rate and monthly payment estimated based on public records.
Source: MRED #12185752
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: #12185752
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.