7727 161st St, Tinley Park, IL 60477
3 beds · 2 baths · 1,447 sqft sqft
Your Dream Home Awaits! Priced to move, this stunning Tinley Park home is a water lover and outdoor entertainer's dream! Featuring a fantastic 24' x 15' Johnny Weissmuller aluminum pool - it's your gateway to aquatic fun! The outdoor entertainment area is perfect for creating lasting memories with friends and family. Whether you're hosting pool parties, barbecues, enjoying a relaxing afternoon in the sun, or hanging out around the firepit on an amazing fall night, you're going to love your gorgeous new outdoor space. The completely remodeled kitchen, completed in 2021, is a chef's dream, showcasing stainless steel appliances, two spacious islands, a convection oven, and an induction stovetop that will elevate your cooking experience to new heights. The luxurious bathroom features an extra tall shower with a waterfall showerhead, providing a spa-like retreat. New bedroom carpet installed in 2024 and gorgeous French doors added in 2023, create inviting light and elegance throughout. You'll also appreciate the Ring doorbell system that enhances security at all entries. The home includes a new furnace and A/C system installed in 2023, ensuring year-round comfort. Living in Tinley Park means enjoying an exceptional quality of life. You'll have easy access to parks, scenic walking trails, and the commuter train for convenient city trips. The local area is filled with delightful restaurants, shopping options, and the exciting White Water Canyon Water Park. With a vibrant community and excellent schools, this is the perfect place to call home. Don't miss out on this incredible opportunity. Call now to schedule your visit before this one gets away!
Source: MRED #mrd12185876
Interest rate and monthly payment estimated based on public records.
Source: MRED #mrd12185876
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.
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: #mrd12185876
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.