7610 W Coach Rd, Palos Heights, IL 60463
4 beds · 3 baths · 2,654 sqft
ABSOLUTELY BREATHTAKING with the BEST location in Palos Heights! 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!
Source: MRED #mrd12187184
Interest rate and monthly payment estimated based on public records.
Source: MRED #mrd12187184
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: #mrd12187184
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.