28 E 55th St Hinsdale, IL 60521
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About this home
***The best value in Hinsdale!*** This thoughtfully updated split-level offers a warm, welcoming layout designed for space and connection. Located in the Elm Elementary, Hinsdale Middle, and Hinsdale Central High School districts, the home offers comfort, flexibility, and everyday practicality in one of the western suburbs' most desirable areas. The main floor features porcelain tile floors, large windows that invite natural light, and a flowing layout that encourages conversation. The renovated kitchen includes granite counters, stainless steel appliances, and quality cabinets. Upstairs, four spacious bedrooms with newly refinished hardwood floors share a well-appointed full bath, keeping everyone close and connected. The lower level centers on a large family room with a wood-burning fireplace. It also offers a second full bath, laundry room, and a bonus room ideal for a home office, guest suite, or fifth bedroom. A finished sub-basement adds additional living space for a playroom, gym, workspace, or studio, and a dedicated storage area keeps everything organized. Outside, the fully fenced yard offers room to gather, unwind, and play. Whether it's a summer cookout, a fall evening around a fire, or a quiet glass of wine on the deck, the spacious yard offers room to enjoy the seasons. The location offers the best of suburban convenience, with easy access to the Metra, major highways, and downtown Hinsdale. Commuters will appreciate the short trip into Chicago, while local amenities, shops, parks, and dining are all nearby. Recent updates include a newer roof (2015), HVAC (2018), renovated kitchen (2019), and washer and dryer (2020). With thoughtful design and effortless flow, 28 E 55th Street is more than a house. It's a space where every level feels like home.
Source: MRED #12492806
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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.
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