5952 W Warwick Ave, Chicago, IL 60634
3 beds · 4 baths · sqft
Luxurious, fully renovated home in prime Portage Park Location. Welcome to this exceptionally thoughtful renovated 4-bedroom, 3.5-bathroom single-family home, featuring a sought-after two-story addition and ideally located on an oversized lot in the rapidly appreciating Portage Park neighborhood. Just a short walk/drive from the park-home to an Olympic-size pool, diving pool, and splash pad-and minutes to public transportation, HIP Mall, Rosemont Park, and O'Hare, this home truly offers the best of city living with a suburban feel. Inside, you'll find a stylishly updated chef's kitchen with white shaker cabinetry, granite countertops, NEW stainless steel appliances, and a gorgeous butcher block island-all opening to a bright, sun-soaked living and dining area perfect for entertaining. The expansive main level also boasts a massive family room with a separate office/den, leading seamlessly to a large deck and backyard-ideal for indoor/outdoor gatherings. Gleaming hardwood floors flow throughout the first two levels, adding warmth and elegance. The luxurious primary suite features two walk-in closets and a spa-like bath with double vanity and oversized walk-in shower. Two additional bedrooms, a full bath, and a convenient upstairs laundry room complete the ideal upper-level layout. The fully finished lower level includes a spacious rec room, fourth bedroom, full bath, and an extra-large dry crawl space offering endless storage options. The main level including the primary suite offers an in-ceiling surround sound system. A detached 2-car garage rounds out this impressive home. Whether you're hosting friends or enjoying quiet family time, this stunning home offers luxury space, and versatility in one of Chicago's most vibrant communities. Close to schools, dining and entertainment.
Source: MRED #12331710
All values shown are estimated costs / mo.
Source: Public records
Source: MRED #12331710
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.