18024 Marlin Ln Homewood, IL 60430
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About this home
Welcome to this beautifully maintained home nestled in desirable Dolphin Lakes Estates of Homewood! The professionally landscaped front yard and charming curb appeal of this home create a warm and welcoming first impression. Step inside to a bright and inviting living room filled with natural light and gleaming hardwood floors. Host dinners with ease in the elegant formal dining room featuring classic wainscoting trim. The updated kitchen is a chef's delight, showcasing custom cabinetry, granite countertops, a stylish tile backsplash, and a cozy breakfast nook with direct access to the back patio. Upstairs on the third level, unwind in the spacious primary suite complete with dual closets and a luxurious ensuite bath featuring a jetted tub and skylight. Three additional generously sized bedrooms and another full bath on the 2nd level provide plenty of space for family or guests. The finished basement offers even more living space, including a large family room with cozy fireplace, a full bath, and a dedicated laundry area. Step outside to enjoy the stamped concrete patio, perfect for summer grilling or relaxing in the fully fenced backyard. The attached two-car garage provides ample parking and storage. Enjoy a prime location with easy access to the nearby shops, restaurants, parks, walking trails, Metra, easy interstate access and highly-rated Homewood Flossmoor schools! Don't miss the opportunity to make this move-in ready gem your forever home.
Source: MRED #12493386
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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.