3831 W 154th St, Markham, IL 60428
4 beds · 3 baths · 2,444 sqft
Welcome to this spacious and charming 4-bedroom, 2.5-bathroom haven nestled on a tranquil block in Markham. This well cared for property offers a blend of comfort, functionality, and convenience for your everyday living and entertaining needs. Upon entering the home, you'll be greeted by an inviting foyer that leads to a separate formal dining room, perfect for hosting all of your dinners and gatherings. Steps away from your formal dining room is a cozy sitting room, ideal for relaxing or just collecting your thoughts. If you're still in need of more "me time" step into the large family room, complete with a fireplace that provides both warmth and ambiance. The heart of this home is the expansive eat-in kitchen, offering plenty of counter space and cabinetry for all your cooking and storage needs. The sliding patio doors lead you to an oversized backyard, providing endless opportunities for outdoor enjoyment. Visualize your very own outdoor oasis! Upstairs, you'll find the spacious, carpeted master bedroom featuring double-entry doors that give the space a grand and inviting feel. The master suite includes a walk-in closet with ample storage space and an ensuite bathroom. The full, unfinished basement provides you with a blank canvas for all your creative ideas. Whether you dream of creating a home gym, playroom, workshop, or additional living space, the possibilities are limitless with this additional square footage! Situated just minutes from major highways and tollways, this property is a commuter's dream, offering easy access to nearby cities while still enjoying the peace and quiet of suburban living. For those who love convenience, you'll find plenty of shopping, dining, and everyday necessities just a short drive away in this hometown suburb. Don't miss the opportunity to make this versatile and inviting house your new home. With its spacious layout, desirable location, and endless potential, it's perfect if you're looking to create lasting memories. Schedule a showing today and see all that this home has to offer!
Source: MRED #12169296
Interest rate and monthly payment estimated based on public records.
Source: MRED #12169296
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: #12169296
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.