8910 Frontage Rd, Justice, IL 60458
3 beds · 3 baths · 1,691 sqft
Welcome to a beautiful 2 story townhouse located in the desirable town of Justice. This property offers 3 bedrooms and 2 and half baths. The very large primary bedroom has an en suite with a large walk-in closet with professionally installed Elfa Closet System. A second full bath on the second level helps with the morning time rush to get ready for the day. Take a look at the recently refinished beautiful wood oak floors as you walk in and the oak stairs leading you to the bedrooms, they are stunning. The kitchen offers recently installed SS appliances and new granite counters and is open to an eat in kitchen along with an open concept living room and 1/2 bath. Look outside and check out the recently installed maintenance free deck which adds outside space for your leisure. Also, great for extra storage is the unfinished basement. All windows and doors are in great shape and helps maintain the house to be very quiet and tranquil. Very close to schools and ease of access to highways and lots of great shopping nearby.
Source: MRED #mrd12163591
Source: MRED #mrd12163591
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: #mrd12163591
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.