98 Lawrence Ln Matteson, IL 60443
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About this home
Welcome Home! a rarely available gem tucked in the highly sought-after Brookmere subdivision of Matteson, where suburban charm meets modern living. Brookmere is known for its tree-lined streets, quiet cul-de-sacs, and a true neighborhood vibe - just minutes from shopping, dining, parks, and easy access to major expressways for a quick downtown commute. Step inside and fall in love with this light-filled beauty. The moment you walk through the foyer, you're greeted by a warm living space or can retreat to the perfect home office, creative studio or bedroom. The open-concept kitchen and living room look out onto the peaceful backyard with an updated patio - ideal for weekend coffee mornings or summer gatherings. A convenient second-floor laundry steps from the bedrooms adds everyday ease. Upstairs, three spacious bedrooms await, including a primary suite that feels like your personal retreat. Downstairs, an unfinished basement offers instant equity potential - ready for your home gym, rec room, or entertainment space. Top it all off with an attached garage, well-kept landscaping, and a prime location in one of Matteson's most desirable neighborhoods. This home is move-in ready and has everything today's buyer is looking for.
Source: MRED #12500724
Loan details
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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.