1833 Four Lakes Ave Apt 4a # 4A, Lisle, IL 60532
2 beds · 1 baths · 980 sqft sqft
Let me introduce you to Four Lakes -- a condo community in Lisle, Illinois unlike anything in the area! Its winding streets are tucked in by gorgeous greenery & lakes that give this neighborhood its name! But the highlight of the community are all the amenities: Residents are in walking distance to Basecamp Pub, have access to free boat rentals, a ski hill, 10 sand volleyball courts with organized leagues, fishing in the nearby lakes, lighted tennis courts, and 4 outdoor swimming pools. You'll feel right at home in this well landscaped elevator building, that will take you to the top floor, end unit that is absolutely flooded with sunlight! The kitchen boasts quality 42" Maple Cabinets with granite countertops, and in eating area that has a sliding door to let the light & breeze in. Wind into the family room where the focal point is the fireplace and newer vinyl plank flooring. You are absolutely going to love watching the leaves turn from the treetop view from your balcony! Both bedrooms are generously sized, with ample closet space, and the bathroom also has granite counters and dual sinks. Washer & Dryer in-unit, and BRAND new A/C unit! Parking Spot is F11. Four Lakes is an incredible hidden gem of the Western suburbs where fun is literally at your doorstep.
Source: MRED #mrd12142042
Interest rate and monthly payment estimated based on public records.
Source: MRED #mrd12142042
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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: #mrd12142042