18859 Ridgewood Ave, Lansing, IL 60438
4 beds · 2 baths · 1,824 sqft
Get a free consultation call with an expert in the mortgage assumption process.
18859 Ridgewood Ave. is a beautifully updated and modernized 4-bedroom, 2-bathroom quad-level home. The spacious living room boasts large windows, allowing natural light to flow effortlessly into the adjacent dining room, creating a welcoming open-concept space. The kitchen is a standout feature, with solid wood cabinetry and sleek stainless steel appliances. Upstairs, you'll find three well-appointed bedrooms with hardwood floors, alongside a large guest bathroom. The lower level offers a cozy family room, an additional large bedroom, and a fourth bedroom with a private exterior entrance-ideal for related living or added privacy. The lowest level of the home is perfect for entertaining, featuring a spacious bar hangout area. The bright and clean laundry room provides ample storage space. Outside, the fenced-in backyard is a wonderful retreat, complete with a gate to close off the driveway. The oversized 2-car garage, with a new garage door, offers plenty of room for parking and storage, while a large storage room off the garage adds even more organizational space. This home also boasts numerous updates, including new windows, siding, roof, mechanicals, maintenance-free gutters with guards, and a concrete driveway. With so many fantastic features, this home is truly move-in ready-schedule your showing today and get ready to call it home!
Source: MRED #12309106
Source: MRED #12309106
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.