9705 Parkside Ave, Oak Lawn, IL 60453
3 beds · 2 baths · 1,364 sqft
Classic mid century modern brick ranch in the heart of Oak Lawn. All recently updated, this is a must see. Large living room looks into the kitchen area with oversized windows creating great natural light! Kitchen has 48 inch shaker cabinets with crown molding, granite counters, tile back splash, nice stainless steel appliances. Living room fireplace is a great focal point. 3 nice sized bedrooms on the main floor. A just updated main floor bath. And a really cool sunken sunroom right off the master bedroom. The lower level has a huge family room with lots of recessed lighting & glass block windows, an additional bedroom, and another nice full bathroom with a large soaker tub. Extra large storage closet. Large utility room has a washer & dryer, large utility sink, and tons of storage. High EFF HVAC and hot water heater. Updated vinyl windows & tuck pointing. The 2.5 car garage has a covered walk area to keep the rain or snow at bay. Large fully fenced back yard with a newer fence and patio for summertime get togethers. Brand new asphalt driveway with extra side parking. Parkside Ave is a beautiful street. Brand new roofs on both the house and garage is a "Certaineed Landmark" product. Won't last long! The refrigerator in the kitchen will be replaced by the stainless steel refrigerator in the sunroom & exterior cameras will be replaced with spot lights.
Source: MRED #mrd12160734
Source: MRED #mrd12160734
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: #mrd12160734
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.