This bright and airy 2 bedroom +loft/2.5 bath townhome in Sauganash Village is the only unit currently listed. Take your tour and make an offer before this gem of a home is under contract! The gorgeous wood staircase and the natural light beaming down from the 2nd level welcomes you. The open floor plan keeps you enjoying the main level space and private patio. The kitchen layout serves as the "heart of the home," easily providing visibility to the dining room and living room. The updated kitchen with granite countertops & newer stainless appliance package allows enough room for an informal eating area. There is a pantry and a lazy Susan to ensure extra storage is provided. The dining room adjacent to the living room produces a capacious space for entertaining. The gas fireplace and mirrored wet bar in living room create a relaxing and modern ambience. Walking up the stairs and encountering two sun drenched skylights brightens the first room, a loft. The area can be used as an office or additional entertainment space. The mirrored wall could also inspire the creation of a gym/yoga! Two oversized bedrooms surround the loft, making full use of the split-bedroom floor plan. On one end of the hall, the master bedroom with cathedral ceiling brings more space, more light and a special charm. This gigantic master suite includes a 2nd fireplace, great closet space, and a large bathroom with separate shower and double sink. The majestic second bedroom has a circle top window which becomes the central focal point. Creating even more royal atmosphere is the Juliet balcony, abundant closet space, and en-suite bath. Step out on the balcony with its newly painted deck and enjoy the pleasant quietness this community exudes. It is move-in ready! Refrigerator and dishwasher were replaced 3 years. Central air-conditioner was replaced a year ago. New floors were installed a few years ago, as well. One unique improvement is the 240 watts electric car charger in the attached garage! If there is any doubt that this TH with its 1900 square feet is not the right choice, do the research. Niche 2026 provides this information for Sauganash/Forest Glen rankings: #14 of 93 for Best Neighborhoods to Raise a Family in Chicago #22 of 93 for Best Neighborhoods to Live in Chicago #43 of 93 for Best Neighborhoods for Young Professionals in Chicago #46 of 210 for Best Places to Live in Cook County #53 of 636 for Best Places for Young Professionals in Illinois Come see this townhome that offers so much without having to do the maintenance. " Sauganash is a charming neighborhood on Chicago's Northwest Side known for its historic homes, peaceful, suburban feel, and access to natural beauty, including the Sauganash Trail and nearby Forest Preserves." Make it your first choice!
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.
