4844 W 98TH ST, Oak Lawn, IL 60453
WELCOME HOME, THIS ATTRACTIVE CORNER BRICK RANCH IS A PLEASURE TO VIEW. THE PROPERTY HAS BEEN FRESHLY PAINTED AND WAITING FOR THE PERFECT FAMILY. THE HOME FEATURES 2 LEVELS OF LIVING AREA. 3 BEDROOMS, 2 FULL BATHS, L SHAPED LIVING & DINING ROOMS AND A FULL FINISH BASEMENT. THE LIVING ROOM IS SPACIOUS & VERY SUNNY WITH LOTS OF WINDOWS & RECESSED LIGHTS IN THE CEILING. HARDWOOD FLOORS ARE THROUGHOUT THE 1ST FLOOR. UPDATED KITCHEN WITH STAINLESS STEEL APPLIANCES, GRANITE COUNTER TOPS & BACKSPLASH. THE DISHWASHER IS 1YR. OLD. THE 1ST FLOOR BATHROOM WAS TOTALLY UPDATED IN 2023. IT LOOKS AND FEELS LIKE YOU ARE IN A SPA. EVERYTHING IN THE BATH IS NEW. THE BATH FEATURES AN EXTRA LARGE GLASS ENCLOSED SHOWER WITH WATERFALL SHOWER HEAD & SEPARATE SPRAYER. THE LARGE WALL MIRROR LIGHTS UP, IS BLUETOOTH OPERATED & PLAYS MUSIC FROM THE MIRROR. SO YOU CAN LISTEN TO YOUR FAVORITE SONGS WHILE IN THE SHOWER THROUGH A GREAT SPEAKER SYSTEM. THE FINISHED BASEMENT IS JUST ONE OF THE ADDED PLUSES TO THIS PROPERTY. IT FEATURES A LARGE FAMILY ROOM IDEAL FOR ENTERTAINING, THE AREA OFF THE STAIRS (8X10) CAN BE MADE INTO A PRIVATE OFFICE, A FULL BATH AND LAUNDRY AREA(WASHER/DRYER ARE 2 YEARS OLD). THE HOME ALSO HAS AN ENCLOSED 3 SEASON ROOM(11X12) WITH CERAMIC TILE FLOORING & A CEILING FAN. THIS ROOM LEADS TO THE SPACIOUS YARD AND ATTACHED 1 CAR BRICK GARAGE. THE BACK YARD IS TRULY A BEAUTIFUL OASIS. THE HUGE PRIVATE FENSED YARD FEATURES A CONCRETE PATIO, OVERSIZE SHED & IS SURROUNDED BY MATURE TREES. THE YARD IS PERFECT FOR RELAXING, FAMILY ENTERTAINING & ENJOYING A QUIET EVENING UNDER THE STARS. ***THIS HOME IS SOLD AS-IS BUT IS IN GREAT CONDITION***
You may be able to put down less than the total down payment amount of $107,304 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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: #mrd12118152
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.