8738 S Troy Ave Evergreen Park, IL 60805
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About this home
3 bedroom 3 full baths split level home is in move in condition. The entire home is very contemporary and conducive for entertaining. The moment you walk in notice the built in shelves in the foyer. Throughout the home there is hardwood flooring. The kitchen has quartz counters with an island and an eating counter. All high end appliances included. The stove is a Samsung dual oven and can be an air fryer too. Notice the double doors in the kitchen which allows you to exit has the blinds inside the glass . The L-shaped living room has built in entertainment unit, and large bay windows. Heading to the lower level L-Shaped family room you will see the wet bar with liquor cabinets and lots of storage. Also find a wood burning fireplace and another exit door at this lower level, plus the third full bath and laundry room with Maytag appliances. The list of NEW items include: dishwasher 2023, sump pump 24, garage door opener 24, Maytag washer & dryer 24, power sprayer faucet 24 and custom blinds in every window. The home is equipped with fiber optic for faster and cheaper internet perfect for the work from home owner. Both updated showers have rain showers. Step outside and see the long driveway with two extra parking spaces next to the two car garage. The garage has drywall installed and lots of shelves. Backyard has a firepit and well manicured entertainment area for lounging. There is an ADT security camera system outside, smart lighting you can turn lights on with your phone, smart thermostat, and a ring doorbell. Roof is 9years old. House has been freshly painted. This property is situated on a dead end street so you can feel safe with very little traffic.
Source: MRED #12459740
Neighborhood
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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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