9822 Oak Park Ave, Chicago Ridge, IL 60415
4 beds · 3 baths · 2,578 sqft sqft
Chicago Ridge, IL - Welcome to this stunning, turn-key newer construction home, designed with style and convenience in mind! This beautifully maintained residence boasts 4 spacious bedrooms and 2.5 bathrooms, offering ample space for modern living. Step through the foyer to find a formal dining room, currently used as a study, with soaring 12' ceilings that create an open, inviting atmosphere. Continue to the spacious kitchen, featuring white shaker cabinets, granite countertops, a 5-foot center island, and stainless steel appliances. High ceilings and large windows fill the living room with abundant natural light, while the eat-in area leads seamlessly to the back patio. The large primary suite on the main floor provides a peaceful retreat, complete with a private bath and a walk-in closet. Nearby, the laundry room offers extra storage with a coat closet, utility sink, and included washer and dryer. On the second floor, enjoy plush carpeting throughout, along with three additional spacious bedrooms and a shared bathroom. The full, unfinished basement with 8-foot ceilings is ready for your creative touch. Love to entertain? The backyard is an oasis with an extended deck, a 20' above-ground pool, a generous concrete patio, and a charming wooden pergola. The fully enclosed vinyl fence offers privacy and a safe space for your furry friends. Recent upgrades within the last 2 years include epoxy floors and drywall in the garage, the vinyl fence, the concrete patio, the extended deck with a pool, and enhanced landscaping in the front lawn. Located close to the Metra station, 95th Street shopping, and I-294, this home offers both convenience and luxury. Don't miss out - schedule your tour today!
Source: MRED #12202114
Interest rate and monthly payment estimated based on public records.
Source: MRED #12202114
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: #12202114
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.