3521 Home Ave, Berwyn, IL 60402
5 beds · 2 baths · 3,235 sqft
Step into the perfect fusion of historic charm and contemporary elegance with this fully remodeled American Foursquare! Nothing has been spared! Home completely remodeled from top to bottom! Home featuring all new electrical, plumbing; a new roof, complemented by sleek, modern black metal accents, enhancing its aesthetic appeal and architectural distinction. Boasting six spacious bedrooms and two elegant full bathrooms, this residence seamlessly combines expansive living areas with high-end finishes. The bathrooms are a standout, featuring a luxurious waterfall shower for a tranquil retreat. At the heart of the home, the kitchen shines with premium quartzite countertops and all-new, top-of-the-line appliances, making it a culinary artist's dream. Natural light pours through the new windows, illuminating the refined quartzite that enhances the fireplace and large bay windows, creating an inviting and opulent living space. Comfort is paramount with the installation of new central heating and cooling systems, ensuring a pleasant environment throughout the seasons. A significant highlight of this home is the spacious partially finished basement, offering additional living space that's versatile and welcoming-ideal for a family room, home theater, or game room. The home's exterior spaces are equally inviting, featuring a spacious enclosed sunroom and a porch area that beckon for leisurely mornings or relaxed evenings. The property also boasts a spacious 2.5 garage adjacent to a concrete slab and a large, fenced backyard that promises endless outdoor enjoyment. This home isn't just remodeled; it's transformed-ready to welcome those who appreciate the blend of classic architecture with modern luxury. Located in Berwyn's Depot District! Walk to Metra Train, fine dining and night life! Minutes to El Train & 10 min. to Downtown Chicago! Too much to mention!
Source: MRED #mrd12153951
Source: MRED #mrd12153951
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: #mrd12153951
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.