711 Illinois St, Lemont, IL 60439
4 beds · 3 baths · 2,000 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to this bright and inviting 4-bedroom, 3-bathroom home perfectly nestled in the heart of Lemont. With a spacious layout and thoughtful updates throughout, this home offers both comfort and convenience in one of the most desirable neighborhoods around. Step inside to discover a beautifully updated kitchen (2024) featuring sleek stainless-steel appliances and granite countertops that elevate the space with modern elegance. The adjacent dining room opens through a sliding glass door to a private patio-your perfect space for grilling, relaxing, or soaking in the vibrant energy of downtown Lemont. The main floor also includes two spacious bedrooms, one of which features a private full bath-ideal for guests or flexible living arrangements. Upstairs, you'll find two generously sized bedrooms with spacious closets and two fully remodeled bathrooms (2024). One of these bedrooms even includes a large balcony overlooking downtown Lemont. Throughout the home, enjoy the rich warmth of freshly refinished hardwood floors. The finished basement offers plenty of storage space along with a convenient laundry room. This home is also equipped with dual central A/C (first floor unit replaced in 2024), a new water heater, and brand-new entry doors. The oversized two-car garage is neatly maintained and provides ample space for vehicles, storage, or a workshop.Beyond the charming interior, the location is simply unbeatable-directly across from the blue-ribbon winning Lemont High School and within walking distance to the Metra station, shops, restaurants, entertainment, and the popular Forge Adventure Park. Plus, you're just minutes from expressways, golf courses, and beautiful parks.Don't miss your chance to own this gem in the heart of Lemont. Schedule your showing today and experience all that this incredible home and community have to offer!
Source: MRED #12343305
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: MRED #12343305
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.