340 Sauk Trl, Park Forest, IL 60466
3 beds · 2 baths · 1,819 sqft
***Visit the property during OPEN SHOWING HOURS on Saturday, 11/2/2024, from 11am to 1pm.*** Seller is now offering a $10,000 closing credit to the buyer, with an acceptable offer (lender permitting)! DON'T MISS THIS GREAT HOME THAT HAS BEEN UPATED INSIDE & OUT!! ** This terrific 1,800SF RANCH-STYLE home has all these GREAT NEW FEATURES: NEW WINDOWS (except for one set) ~ NEW GUTTERS ~ NEW GARAGE OVERHEAD DOOR ~ FRESHLY PAINTED EXTERIOR ~ TWO (2) COMPLETELY REMODELED BATHROOMS ~ NEW RECESSED LIGHTING ~ ALL NEW VINYL PLANK FLOOR TILE ~ NEW CARPET IN BEDROOMS ~ NEW 2-PANEL DOORS ON THE BEDROOMS ~ NEW CLOSET DOORS ~ NEW REFRIGERATOR, RANGE, MICROWAVE and DISHWASHER ~ NEW KITCHEN BACKSPLASH ~ NEW COPPER LINES FROM C-BOX TO MAIN WATER LINE ~ plus....a NEW ROOF (installed in 2022 and includes a 5-year transferable warranty). ----- This 3 or 4-BEDROOM, 2-BATH home offers a GREAT LAYOUT that is perfect for daily living and entertaining, and the VERSATILE FLOOR PLAN offers flexible options depending on your Living Space/Bedroom needs. (Photos have been virtually staged to help you envision a furnished space!) The L-SHAPED LIVING ROOM / DINING ROOM is quite spacious and boasts a lovely view of the backyard. Steps away is the KITCHEN which includes a good amount of cabinets and counterspace...set-up a cute bistro table for quick meals on the go! Just off the Living Room is a HUGE FLEX SPACE (think FAMILY ROOM or BEDROOM 4) with an ATTACHED TANDEM ROOM that could easily become the ULTIMATE WALK-IN CLOSET or a convenient HOME OFFICE. ----- The SHARED HALL BATH connects the Flex Room to the living area, and then tucked away down the hall you'll find 3 BEDROOMS each with a good closet and one with an attached 3-PIECE BATHROOM (nice!). ----- Step outside and see that the BIG BACKYARD is perfect for kids, pets, & gardening! Rounding out this home is the LAUNDRY / MUDROOM which provides a good buffer between the house and the 1-CAR ATTACHED GARAGE...drop all your bags, coats, and shoes here! ** GREAT LOCATION ~ just minutes away from the expressway, Metra, and local schools, restaurants & shopping. ----- Come see why this house should become your next HOME SWEET HOME, or perhaps your next INVESTMENT PROPERTY!
Source: MRED #mrd12145405
Interest rate and monthly payment estimated based on public records.
Source: MRED #mrd12145405
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: #mrd12145405
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.