8360 W 100TH PL, Palos Hills, IL 60465
Do you want a house to be your comfortable HOME? THIS HOUSE CONSIST OF 2000 SQ FEET ON UPPER LEVEL AND AROUND 1100 SQ FEET LOWER LEVEL WHICH EQUAL TO 3,100 SQ FEET OF LIVING SPACE. look no further, this magnificent JEWEL where Mrs clean and Mrs neet lives there. You do not need to do anything in this house, just MOVE in and Enjoy your new comfortable HOME. 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. 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. Additional features include 2 HVAC systems, new skylights, a newer 50-gallon hot water tank, and a heated garage with a new opener. Outside, you'll find a custom-built fountain and brick patio, adding to the charm and sophistication of the property. YOU WILL ENJOY YOUR NEW PARK LIKE HOME SITTING ON TOP OF THE HILL WITH GRAT FOUNTAIN AND BRICK PATIO OUTSIDE TO ENJOY YOUR NEW RESIDENCE WITH YOUR FAMILY. NO NEED TO GO TO ANY RECREATIONAL PARKS BECAUSE IT IS THERE IN THIS HOUSE. DON'T BELIEVE IT? COME AND SEE IT. NO EXAGGERATION, THIS IS A WONDER IN PALOS HILLS
You may be able to put down less than the total down payment amount of $262,450 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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: #mrd12145771
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.