2411 Hastings Ave, Evanston, IL 60201
3 beds · 2 baths · 1,750 sqft
Step right into this sunny & spacious farmhouse in NW Evanston just steps to Central Street and Bent Park! Main level features open living room and dining room w/ recently refinished gas fireplace and hardwood floors. Great space for entertaining as you enter the updated eat-in kitchen open to nice family room overlooking the yard. Kitchen features white cabinetry, large island w/ lots of storage, granite countertops, SS appliances and large farmhouse sink. Recently remodeled full bath on main level as well. Second level features 3 large bedrooms. Primary bedroom is filled with natural light, cathedral ceilings and lots of closet space. 2nd bedroom has a bay window and built ins. Recently updated bathroom on this level features heated floors & heated towel warmer. Acacia hardwood flooring & oak hardwood throughout main and 2nd level of the home complement the modern feel of the home. Lower level features huge utility room w/ 2 newer high efficiency water heaters, home has dual HVAC systems and 200 amp electric service. Finished basement rec room as well. Recent updates include all siding and roof on both home and garage, front porch and back deck newly redone w/ trex decking, paver patio in yard, and lots of smart features that will convey with the home. Detached 2 car garage is only 9 years old. There is nothing to do but move into this updated and meticulously maintained home conveniently located near the Central St shops and Metra as well as everything Evanston has to offer. Willard school district is an added plus!
Source: MRED #12319346
Source: MRED #12319346
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.