9948 W 143RD PL, Orland Park, IL 60462
Now is your opportunity to own this rare Victorian style townhome located in the historic district of Orland Park! Boasting 4 levels of living space, this townhome offers 3 bedrooms, 4 bathrooms, an updated kitchen, full finished basement, separate dining room, an outdoor deck, and a private entrance. The large kitchen features granite countertops, modern cabinetry, and stainless steel appliances. Convenient first floor powder room means guests won't need to traipse upstairs to use the restroom. The master bedroom is spacious with a huge walk-in closet and an en suite master bathroom featuring a whirlpool tub, separate step-in shower, and dual vanities. The second floor also features a large loft area and the in-unit washer/dryer. The second and third bedrooms on the 3rd floor are also a great size with another half bathroom and 2 more walk-in closets. Full, finished basement with a full bathroom and a projector and screen. Relax out back on the private deck. The 2 car private driveway means no fuss with street parking. Amazingly located near and the best schools, parks, restaurants and entertainment that Orland Park has to offer and within walking distance of the 143rd Metra station. Sold AS-IS. Book your showing today!
You may be able to put down less than the total down payment amount of $103,598 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: #mrd12120307
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.