7449 S Vernon Ave Chicago, IL 60619
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About this home
Welcome to this beautifully renovated 4-bedroom, 2.5-bath home, offering a flexible layout with the potential for a 5th bedroom on the second level! This home has been completely refreshed from top to bottom, starting with a brand-new complete tear-off roof on both the house and garage. The exterior has been fully tuckpointed and features all-new windows throughout, ensuring both charm and efficiency. Step inside to find totally rehabbed bathrooms, a brand-new kitchen with stainless steel appliances, white quartz countertops, and new ceramic tile floors. The main floor features durable and stylish vinyl click flooring, while the basement offers a half bathroom with all-new fixtures and finishes. Enjoy the convenience of a full basement with laundry hookups, perfect for additional living space or storage. Upstairs, the second level is finished with top-of-the-line printed carpet, a new walk-in closet, and plenty of additional storage closets. Additional upgrades include a new sunroom door, two new basement exit doors, and improved backyard access. Don't miss out on this beauty - schedule your showing today and bring your best offer!
Source: MRED #12451517
Neighborhood
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Close stress-free in 45 days, handled start to finish by Roam.
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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.