3553 W 111th St, Chicago, IL 60655
3 beds · 2 baths · 1,850 sqft sqft
This delightful oversized Cape Cod is nestled in the heart of Mount Greenwood, offering a perfect blend of classic charm and modern upgrades. With 3 spacious bedrooms and 1.5 bathrooms, this home provides plenty of room for comfortable living and entertaining. As you step inside, you'll be greeted by an inviting layout that showcases the home's generous space and abundant natural light. The living areas are designed for both relaxation and gatherings, featuring beautiful new hardwood floors installed in 2022 that add warmth and elegance throughout. The kitchen is a chef's delight, equipped with stainless steel appliances! Adjacent to the kitchen, the dining area flows seamlessly into the living space, creating an ideal setting for family dinners and entertaining guests. Step outside to discover your fully fenced-in yard, a private oasis for outdoor enjoyment. This home features a brand new deck, completed in 2022, is perfect for summer barbecues or simply enjoying a quiet evening under the stars. This home also boasts practical upgrades, including a new air conditioning unit and furnace installed in 2019, ensuring year-round comfort. The roof, gutters, siding, soffits, and fascia were updated in 2017, providing peace of mind and enhancing the home's curb appeal.Beautiful 2.5 car garage connected to your yard. Located in a vibrant community, this charming Cape Cod is within walking distance to parks, schools, and local amenities, making it an ideal place to call home. Don't miss your chance to make this spacious, beautifully upgraded property yours - schedule a showing today!
Source: MRED #mrd12191912
Interest rate and monthly payment estimated based on public records.
Source: MRED #mrd12191912
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: #mrd12191912