15208 Highland Ave Orland Park, IL 60462
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About this home
Motivated seller alert! Fully renovated and ready to show off, this cozy Orland Park charmer proves that great things really do come in smaller packages. Step inside and you'll be greeted with a spacious living and dining room, both bright, open spaces. The kitchen is large enough to host your culinary experiments and your biggest snack collection. With three comfortable bedrooms and two stylish baths, everyone gets their own space (or you can finally claim that office/guest room/workout hybrid you've been dreaming of). Slide open the door to your deck, perfect for lazy morning coffees or evening get-togethers under the stars. And don't forget the attached garage and driveway, because parallel parking should stay in the city. Outside your door, you'll find yourself in a friendly, accessible neighborhood close to top-rated schools, forest preserves, restaurants, and shopping. Renovations? All the big stuff is new: roof, siding, electrical, gutters, bathrooms, and a newly serviced HVAC. Sold as-is, but with a home warranty on appliances, because a little extra peace of mind never hurts. And the best part? Orland Park's new downtown development is in full swing! Soon you'll be strolling a pedestrian walkway to concerts, farmers markets, ice skating, and local shops by 2027. So if you're looking for a place that's easy to love, impossible to outgrow, and ready for your next chapter, 15208 Highland is waiting with the lights on.
Source: MRED #12510383
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FAQs
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.
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.
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.
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.
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 “Save search” 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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.