6951 Lexington Ct, Tinley Park, IL 60477
3 beds · 4 baths · 2,374 sqft
Beautiful 2-story townhome with private entry and a front-load 2-car attached garage. Serving the community throughout his career, this owner had a passion for Tinley Park and took pride in his residence. The covered front porch opens to an intimate sitting area where you can greet guests and share a cool beverage. The formal dining room boasts a decorative ceiling and is a perfect setting for holiday gatherings. Adjacent living room with soaring ceiling and fireplace for more casual entertaining. A large kitchen with plenty of cabinetry and 2 double-door pantries will ensure there is room for all your essentials. Separate eating area with even more cabinetry and a planner's desk. Step out to the expansive raised deck. An upper-level loft with a wall of built-in shelving once housed a collection of stories and ideas that were enjoyed before slumber. Bring your favorite novels as yours would make a great library, office, or family retreat. Tuck in awaits in the 2 spacious bedrooms, each with a private bath. Convenient main level laundry simplifies daily chores. Finished lookout basement with recreation area, a utility room, a full bathroom, and a third bedroom. Whether a man cave, tween hangout, or related living, the space can be utilized to fit your needs. Gorgeous Tinley Park open space views from the upper and lower decks in your backyard! Still plenty of grassy area remaining. A seller with a vision and purpose, it is no surprise that every square foot of this home has possibilities. Bring your creativity as you excite at the potential for this unique entry to a flexcore-constructed bonus room under the garage. Brilliant use of space and ready for your new beginnings! All the comforts of a single-family home with maintenance-free landscaping and snow removal. You too can relish in all of Tinley Park's many amenities, convenient expressways, and public transportation. Ready to be cherished by the next proud Tinley Park resident! Offered AS/IS, Estate Sale.
Source: MRED #12165548
Interest rate and monthly payment estimated based on public records.
Source: MRED #12165548
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: #12165548
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