724 Roberts Rd, Winthrop Harbor, IL 60096
5 beds · 2 baths · sqft sqft
GENTLY LIVED IN EXTRA LARGE RAISED RANCH WITH GORGEOUS MANICURED LAWN! This 5 BR, 2 BA is a UNBELIEVABLE Choice for a Growing Family! Plenty of Cooks can enjoy this Oversized Kitchen with Newer Granite Counter Tops, Cherry Cabinets, Tiled Backsplash, Gleaming Hardwood Floors, Room for table and chairs, New Stainless Steel Appliances, and Pantry Closet! SLIDERS TO HUGE DECK AND BEAUTIFUL VIEWS OF THE MASSIVE BACK YARD. 3 Good Sized BRs on the Upper Level, and the Primary bedroom w/2 Closets, and Shared Bath with New Granite Vanity, and New Flooring! Lower Level Features Spacious Family Room with Warm Fireplace, Built In Bookshelves, Laundry Room with Washer & Dryer, Full Bath again with New Vanity, and New Flrs! BR4 & Poss BR5 (Currently Office) too! Game room with pool table, and unique game closet . Possible In-Law or Teen Arrangement! Huge Deck 20x10 with Massive Yard for the Kids or entertainment fun! Attached 2-1/2 C Gar. Newer EGDO. New Roof 2015 w/Power Fan. New Carrier 90,000 BTU F/A Furnace w/20 Yr Warranty in 2017 and a 3 Ton Carrier A/C with 10yr Warranty. Whole House Fan. New Sliding Glass Dr & Window in Kitchen. This home is move in condition and just not enough paper to list everything. Come see how proud ownership shines thru out.....
Source: MRED #12195797
Interest rate and monthly payment estimated based on public records.
Source: MRED #12195797
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: #12195797
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.