17701 Park Blvd Apt 103 # 103, Lansing, IL 60438
2 beds · 1 baths · 900 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to your dream condo! This beautifully renovated gem in the heart of Lansing, IL, is not just a home-it's an opportunity. Perfectly suited for investors and vacation rental enthusiasts, this property is AirBnB ready and boasts a modern design that invites you to move in or start earning income immediately! **Key Features:** - **Fully Renovated**: Enjoy the fresh, contemporary finishes throughout. The open-concept layout offers a bright and spacious living area that's perfect for entertaining or relaxing after a long day. - **AirBnB & Rental Ready**: With all the necessary updates and stylish decor, you can start generating rental income right away. This condo is turn-key and awaiting your guests! - **Furnished Option**: The elegant, high-quality furniture can be included in the sale, making it even easier for you to transition into this investment. - **Convenient Location**: Located just minutes from the expressway, commuting to the city or surrounding areas is a breeze. You'll also find an array of shopping, dining, and entertainment options just around the corner, ensuring you and your guests will always have easy access to everything you need. - **Investor Friendly**: This property is not just a home; it's a fantastic investment option in a growing market. Attractive rental potential combined with low maintenance makes it an excellent addition to any portfolio. Don't miss out on the chance to own this stunning condo in Lansing, IL. Whether you're looking for a rental property, a vacation retreat, or your forever home, this condo checks all the boxes. Schedule your showing today and take the first step towards securing this remarkable opportunity!
Source: MRED #12161960
All values shown are estimated costs / mo.
Source: Public records
Source: MRED #12161960
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.