8105 Parkside Dr, Frankfort, IL 60423
3 beds · 3 baths · sqft sqft
Welcome to this stunning two-story home, located within the highly sought-after Lincoln Way East school district. The beautifully landscaped front yard invites you to a spacious front porch, an ideal spot to enjoy your morning coffee. Step inside a bright and welcoming formal living room, perfect for entertaining guests. Elegant French doors lead to the formal dining room featuring a large bay window, the ideal setting for holiday meals. The sunny kitchen features abundant storage, breakfast bar, stainless steel appliances, sizable pantry, and chic tile backsplash. Enjoy casual meals in the adjacent dining area, while the open-concept family room, centered around a cozy brick fireplace, offers easy access to the patio, perfect for indoor-outdoor living. A laundry room and a half bath complete the main floor. Upstairs, unwind in the luxurious primary suite with lofted ceilings, wood laminate floors, a walk-in closet, and a private ensuite bath. Two additional spacious bedrooms and another full bath complete the upper level. Outside, your private oasis awaits-a large patio ideal for grilling and outdoor dining, and an above-ground 30' pool with maintenance free deck surround. The attached 2.5 car garage provides ample parking and storage space. In the last two years, this home has seen significant updates, including a new roof, soffit, and gutters in 2023, AC unit in 2023, furnace in 2016, and water heater in 2024, ensuring peace of mind and modern efficiency for years to come. Unbeatable location, close to shopping, dining, parks, schools, interstate access, Metra station and all that Frankfort has to offer! A preferred lender offers a reduced interest rate for this listing. Schedule a showing today!
Source: MRED #12182152
Interest rate and monthly payment estimated based on public records.
Source: MRED #12182152
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: #12182152
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.