9912 Austin Ave Oak Lawn, IL 60453
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About this home
Charming Two-Story Home on a Quiet Cul-de-Sac! No need to ever leave this beautiful three-bedroom, two-bath home tucked away in a peaceful cul-de-sac. Recently refreshed with new paint throughout and brand-new carpeting upstairs, this home is move-in ready and full of character. Step into the warm living room featuring tray ceilings, a bay window, and a cozy wood-burning fireplace. The formal dining room flows into the updated kitchen, complete with oak cabinets, granite countertops, and stainless steel appliances. Just off the kitchen, enjoy the 18' x 13' three-seasons room that opens to a spacious deck with a large hot tub and seating area-perfect for entertaining. The deck leads directly to the 24' x 15' above-ground oval pool for endless summer fun. The backyard is a true retreat with a professionally landscaped covered paver patio with firepit, a separate paver patio for barbequing, and even a deluxe playground set. The fully fenced yard provides both privacy and security. Additional highlights include: Newer siding, windows, and roof Expansive backyard that backs up to a park Mature landscaping for a serene setting Don't miss the chance to call this attractive property your new home-schedule your private showing today!
Source: MRED #12476831
Loan details
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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.