283 N Larch Ave, Elmhurst, IL 60126
2 beds · 1 baths · 1,347 sqft sqft
This vintage 2 story Queen Anne home has all the elegance and charm that one can expect. This home features hardwood floors throughout. 2 bedrooms are on the 2nd floor along with the bathroom. Home has a vintage kitchen sink and custom faucet. The current owners are closing the chapter on this home and allowing the next homeowner to enjoy this home and build their memories. This home has so much character and appeal and is definitely a place that is so welcoming. Owner installed privacy fence in 2015, and the yard is landscaped so nicely to sit and enjoy the fall days. A new roof was put on home in 2018, Perma Seal Sewer back up system was installed in 2015, New Water Heater installed in 2024. Downtown Elmhurst is walking distance right off York so you have 3-4 blocks and you're there to enjoy all the restaurants and activities Elmhurst has to offer. Train and Public transportation are very close, and Interstate expressway is minutes away. York High School District! When they're talking about location this is the home they're mentioning. This one is a must see so set your appointment now, and come check out your future home. "Home will be sold As Is."
Source: MRED #mrd12181342
Interest rate and monthly payment estimated based on public records.
Source: MRED #mrd12181342
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.
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: #mrd12181342