7610 W COACH RD, Palos Heights, IL 60463
ABSOLUTELY BREATHTAKING! Welcome home to this beautifully REMODELED and UPDATED 4 bedrooms, 2.5 bathrooms, two-story home. All new in 2024: kitchen, appliances, bathrooms, laundry room, floors and light fixtures, hot water heater, washer/dryer, 2020: hot tub, 2017: Hardie board siding, windows, fence, 2016: furnace, A/C, 200 amp electrical panel, 2014: roof. The inviting front porch with brick pavers leads into the well-appointed and classic floor plan. Upon entering, you will immediately notice the spacious and inviting living room with wainscot that wraps around to the family room and luxury vinyl plank floors that span the main level. The kitchen features white shaker style cabinets, SS appliances, grey kitchen island with breakfast bar seating, and separate eat-in area. Look into the homey family room complete with a fireplace. Plenty of windows invites an abundance of natural light throughout the entire first floor. The custom staircase leads up to a master bedroom with private bath and 3 spacious bedrooms all with hardwood floors. This home also offers a half bath and convenient laundry room to complete the main level, stairs in the garage to the basement, plenty of storage and professional landscaping. Step outside and enjoy the large patio with hot tub in this tranquil fenced in yard with a fire pit backing up to an open area with trees. This home backs up to Community Park which offers a pool, playground, tennis courts, softball/baseball fields, sand volleyball, 9-hole disc golf course, picnic area, concerts and bike path that connects to Tinley Park and Lemont. This home is truly amazing and ready for you to move in!
You may be able to put down less than the total down payment amount of $347,749 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: #mrd12155366