8515 S KEELER AVE, Chicago, IL 60652
Welcome to this stunning split-level gem located in the desirable Scottsdale neighborhood of Chicago. This remarkable property offers five levels of spacious living, perfect for a growing family or anyone seeking plenty of room to spread out, offering ample room. The main level, features elegant hardwood floors throughout, a cozy living room with a charming fireplace perfect for those chilly Chicago evenings, a nice size dining area, ideal for family meals and entertaining guests. A well-appointed and spacious kitchen with quartz counter tops. The second level features three generously sized carpeted bedrooms and a full bathroom, providing comfortable accommodations for family or guests. The third level includes two additional bedrooms. Among them is a huge master suite with its own private bathroom with a jacuzzi and laundry area with washer and dryer. The basement is designed for entertaining, featuring a large family room with a second fireplace and a bar area,third full bathroom perfect for hosting gatherings and creating lasting memories. This property has an unfinished large sub basement providing excellent storage options or the potential for customization to suit your needs. A two car garage with attached heated dog house. Also a spacious concrete driveway, offering ample parking and ease of access. This home is in great condition, ready for you to move right in and start making it your own.
You may be able to put down less than the total down payment amount of $223,354 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: #mrd12110734