18445 Oak Ave, Lansing, IL 60438
3 beds · 2 baths · sqft
Look no further, your new home awaits! This immaculate ranch is everything you can want in a home. Can you say spacious?! This home sits on a corner lot and offers an abundance of space, from the spacious bedrooms and open finished basement, even to the yard! As you enter the foyer, you'll find a large living room that gives off beautiful natural light from the bay window. There are hardwood floors in every room, throughout the main hallways, and in the kitchen. All 3 bedrooms are on the main level and there is plentiful closet space in each room. As you navigate into the eat-in kitchen, adjacent to it you'll find 2 pantries/ storage spaces. The eat-in kitchen has solid countertops, newer appliances (1 yr old), an ample amount of cabinets and drawers for all of your cooking equipment, and a portable island to prep and serve meals. The home has central A/C AND a house fan that can cool the entire house down in the summer. Let's not forget the open basement that hosts an enormous recreation room and 2 additional rooms; one already has been transformed into an office space and the other to be utilized for whatever your heart desires. There is also a 3/4 bathroom and laundry room that has more storage space. The home has an attached 2.5 car garage and an amazing wraparound backyard for entertainment with a pergola and beautiful landscaping. Doesn't this sound like your next home? Don't delay, make it yours today!
Source: MRED #12215395
Interest rate and monthly payment estimated based on public records.
Source: MRED #12215395
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #12215395
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.