251 Hickory St Chicago Heights, IL 60411
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About this home
Welcome to this beautifully updated home in Chicago Heights! Perfectly situated just steps from the Indian Hill Woods Thorn Creek Nature Trail & Bike Path-ideal for evening walks or bike rides. You'll also enjoy being just minutes from the Chicago Heights Park District fitness and recreation center, shopping, dining, movie theater and the Wind Creek Casino. This home offers 3 bedrooms, 2 full bathrooms, and a fully finished basement with a large bonus room that can serve as a home theater, rec room, or even a 4th bedroom. Inside you'll find modern updates, including beautiful refinished hardwood floors throughout the main level. The kitchen includes 42" white shaker cabinets with granite countertops, all stainless steel appliances. The main level bathroom features a bathtub, while the basement is equipped with a stand-up shower. The basement also includes a separate spacious laundry room and ample storage space. The insulated and drywalled garage provides additional versatile space-perfect for a home gym, workshop, or gaming room. Home was fully remodeled in 2021 (new roof, furnace, AC, windows and more). This home truly combines style, comfort, and convenience, ready for you to enjoy! This home is move-in ready with upgrades inside and out! Don't miss out on this one!
Source: MRED #12469522
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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.