8360 W 100th Pl, Palos Hills, IL 60465
4 beds · 3 baths · 3,100 sqft sqft
LOCATION LOCATION TO Welcome this exceptional custom-built raised ranch that stands far above the rest! Tucked away, you'll find a large and inviting marble entry that sets the tone for the elegance and luxury within. This home has 3 bedrooms on the main level and an additional bedroom or custom office on the lower level, along with 3 full baths. The master bedroom is a true retreat with its ensuite featuring a whirlpool bath and separate shower, with marble finishes for a touch of opulence. The picturesque living room and formal dining room are completed with custom drapery, cathedral, and tray ceilings, adding to the grandeur of the space. The heart of the home lies in the large kitchen space, complete with a dinette area, cabin ceiling with handmade oak, center island, granite tops, raised panel oak cabinets, and some newer appliances. Oak hardwood flooring adds warmth and charm to the space. The lower level holds a laundry room, brick wet bar, and a huge party-sized family room with a 10-foot brick wood-burning fireplace with gas start. Ample outdoor storage and a high-end professionally landscaped yard further enhance the appeal of this remarkable home. Additional features include 2 HVAC systems, new skylights, a newer 50-gallon hot water tank, and a heated garage with a new opener. An additional concrete driveway measuring 70'x14' provides extra parking space for added convenience. Outside, you'll find a custom-built fountain and brick patio, adding to the charm and sophistication of the property. With so many new, custom, and high-end amenities, this home offers a lifestyle of luxury and comfort. The location and setting are simply amazing, providing the perfect backdrop for your dream home!
Source: MRED #12178792
Interest rate and monthly payment estimated based on public records.
Source: MRED #12178792
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: #12178792
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.