7727 161st St, Tinley Park, IL 60477
3 beds · 2 baths · 1,447 sqft sqft
Your Dream Home Awaits! This stunning Tinley Park home is a water lover and outdoor entertainer's dream! Featuring a large 24' x 15' aluminum pool with sun deck - 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 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. This beautiful home is in move-in ready and priced to sell! While it's being offered as-is for a quick sale, it's an incredible value for the price. Don't miss out on this fantastic opportunity. Call now to schedule your visit before this one gets away!
Source: MRED #12205961
Interest rate and monthly payment estimated based on public records.
Source: MRED #12205961
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: #12205961
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.