7120 W 96TH ST, Oak Lawn, IL 60453
BEAUTIFUL OAK LAWN NEIGHBORHOOD SPACIOUS 2200SF 1-1/2 STORY 4 BEDROOM/3 BATHROOM BRICK CAPE COD HOME with 2-1/2 Car Garage & long side drive for plenty of Guest Parking! UPDATED KITCHEN WITH GRANITE COUNTERS, MOSAIC TILED BACKSPLASH & HARDWOOD FLOORS! Breakfast counter with recessed Can Lights, Ceiling Fan/Light, Stainless Steel appliances included are Refrigerator, Gas Stove, Built-in Microwave & Built-in Dishwasher, Walk-in Pantry & AWESOME GARDEN WINDOW OVER SINK TO GROW FRESH HERBS ALL YEAR ROUND! Kitchen is Open to Dining Room with Two Decorative Octagon Windows, SLIDING GLASS PATIO DOORS (2016) to Backyard NEW PORCH! SPACIOUS MAIN FLOOR 18'X13' MASTER BEDROOM with Hardwood Floor, Ceiling Fan/light, Closet & attached Half Bathroom! UPPER LEVEL INCLUDES: STAIRS & ALL BEDROOMS HARDWOOD FLOORS! Huge 2nd Bedroom 19'x13'with Walk-in Closet & Ceiling Fan/Light, 3rd Bedroom 15'x13' with Closet & Ceiling Fan/Light, 4th Bedroom with Closet & Ceiling Fan/Light. MAIN BATHROOM WITH CERAMIC TILED TUB/SHOWER, Single Sink Vanity, Mirror, Light, Toilet & Ceramic Tiled Floor, & LINEN CLOSET IN HALL. Finished Basement includes: ENORMOUS 31'X 17' FAMILY ROOM WITH HUGE WET BAR WITH REFRIGERATOR! Recessed Can Light & Vinyl Flooring. De-humidifer stays. Great for Parties & Entertaining! LAUNDRY RM includes Washer, Driver, Shelving & Laundry sink! Storage area with shelves behind furnace BASEMENT FULL BATH INCLUDES STEP IN SHOWER w/door, Linen Closet, single Sink Vanity, Wall Mounted Medicine Cabinet Mirror, Light, & Toilet. Roof on House approx 6 yrs old, Garage 10 yrs old, NEW AC (2022) Furnace (2009) ALL NEW PELLA WINDOWS 2016 & 2024 Except Octagons. (One Basement window not yet installed will be installed by closing) SELLER PROVIDING HSA 1 YEAR BUYER HOME WARRANTY! Don't Wait! A great house like this will not last long!
You may be able to put down less than the total down payment amount of $127,971 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: #mrd12136972