6200 W 94th St, Oak Lawn, IL 60453
4 beds · 3 baths · 0 sqft sqft
Does Size Matter? Discover Your New Super Spacious Home in the Heart of Oak Lawn. Welcome to this stunning Raised Ranch with modern finishes and hardwood floors throughout the main level, perfectly situated on an OVERSIZED *.26-acre* CORNER lot. This residence seamlessly combines space and convenience, making it an ideal choice for modern living. The main level features FOUR well-appointed bedrooms and TWO stylish FULL bathrooms. Perfect for a growing family or mothers who prefer to have all the kids on the same level. Work from home? The well light 4th bedroom overflowing with natural light is the ideal space. Unless you prefer more privacy, then the 5th bedroom in the LL is the alternative choice. We can't say enough about the inviting living room, separate dining area, and the modern eat-in kitchen complete with stainless steel appliances and pantry. Descend to the versatile basement with a huge recreation area, a 5th bedroom and THIRD full bathroom. Whether you need a work-out room, yoga studio or a guest room, the fifth bedroom is simply a MUST HAVE. And who doesn't need an attached two-car garage on a rainy or snowy day? The garage is conveniently accessible through a door just off the kitchen, making it incredibly easy to load and unload groceries. The expansive corner lot provides ample outdoor space for both recreation and relaxation. This prime location offers easy access to I-294, as well as nearby shopping at Jewel Osco and Tony's Fresh Market, schools, and restaurants. Plus, you're less than a mile from the Oak Lawn Park District and within close proximity to Harnew Elementary School, Simmons Middle School, and Oak Lawn Community High School. Don't miss out on this exceptional opportunity to own a beautiful home in a sought-after neighborhood. NOTICE: Property Taxes do not reflect a Homeowner's Exemption.
Source: MRED #mrd12109454
Interest rate and monthly payment estimated based on public records.
Source: MRED #mrd12109454
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: #mrd12109454
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.