17701 PARK BLVD APT 103 # 103, Lansing, IL 60438
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!
You may be able to put down less than the total down payment amount of $18,835 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #mrd12161960