OWN THIS DES PLAINES GEM! AN EXCEPTIONAL OPPORTUNITY TO OWN THIS BEAUTIFUL & WELL-MAINTAINED HOME. Tucked away on a quiet, private tree-lined street, this 4-bedroom, 2-bath highly upgraded residence offers comfort, space, and exceptional pride of ownership throughout. From the moment you arrive, the entirely new facade, brand-new garage door, and new front door create striking curb appeal, while the heated driveway and heated garage provide everyday convenience and a subtle touch of luxury, making winter mornings effortless and reflecting the thoughtful upgrades found inside. The home features a bright, functional layout with inviting living spaces designed for both relaxing and entertaining, highlighted by beautiful hardwood floors and ALL new windows throughout that flood the home with natural light. The kitchen is well-appointed with stainless steel appliances, including a new refrigerator and freezer, generous cabinetry, and a clean, timeless aesthetic that flows seamlessly into the main living area. Four well-proportioned bedrooms offer flexibility for family, guests, or a dedicated home office, while both bathrooms have been completely upgraded with new electric, updated lighting, new flooring, and quality finishes, creating elevated, spa-inspired spaces that truly set this home apart. The finished basement adds valuable additional living space, ideal for a recreation room, gym, media lounge, or work-from-home setup, along with a separate laundry and mechanical area featuring newer laundry appliances and new flooring in the laundry room. The garage is a true standout, offering extensive built-in storage and organization options, perfect for tools, hobbies, or seasonal items. Additional upgrades include a Ring security system for peace of mind and a new fence enclosing the property. Step outside to a spacious backyard complete with new pavers and a concrete patio, perfect for outdoor gatherings or quiet evenings at home. Located within the highly regarded D62 and Maine West High School districts, and just minutes from Lake Opeka, Metra access, O'Hare, and popular local favorites, this truly move-in-ready home delivers the perfect balance of thoughtful upgrades, everyday functionality, and a prime location.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
