25184 W Lake Shore Dr, Ingleside, IL 60041
2 beds · 1 baths · 1,092 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Lake Life is Calling-Are You Ready to Answer? Welcome to your perfect Long Lake escape, where every day feels like a vacation and the water is just steps from your door. Whether you're swimming, kayaking, boating, or simply sipping coffee on the deck while the sun dances across the lake, this beautifully maintained lake house offers the ultimate in lakeside living.Best of all, any type of boat - including motorized boats, pontoons, wake boats, and jet skis - is allowed, so you can spend your days cruising, tubing, wakeboarding, or exploring every inch of the lake at full throttle! This move-in ready retreat has many recent improvements including: a new well water pump, a 20-gallon Well X-Trol tank with an installation kit, a whole-house water filtration system, a Whirlpool 40k grain water softener, and a Simpure UV reverse osmosis system. Additional upgrades include : a new electrical outlet installed below the kitchen sink, a laundry room utility tub, fresh Bellevue Summit flooring in the living room, new baseboard and quarter-round molding, and new interior paint in the living room, bedrooms, bathroom, and ceilings. The front entrance has been upgraded with a brand-new front door and storm door, while the bathroom now features a new vanity, medicine cabinet, and light fixture. Outdoors, you'll find beautiful updates to match the lake lifestyle-beach sand and a firepit for evenings under the stars, plus pavers, mulch, and fresh landscaping to complete the picture. Along with these recent upgrades, the home also benefits from updated electrical and plumbing systems, Boise Cascade composite siding, a newer furnace and air conditioning unit, spray foam insulation in the crawl space, and R49 blown-in attic insulation. Inside, the layout includes two inviting bedrooms, one full bathroom, and a spacious eat-in kitchen with a built-in cooktop-perfect for weekend brunches or relaxed sunset dinners after a day on the water. Across the street, enjoy your very own additional lakefront lot (50x36x30x23), complete with a private pier for launching kayaks and paddleboards or just soaking in Long Lake's unforgettable sunsets. If you've got lake toys, the oversized 2+ car heated and insulated garage-with its 8-foot door and 2x6 construction-is the ideal place to store them all. A generously sized driveway ensures ample space for family and friends to visit and join in on the fun. This isn't just a home-it's a lifestyle. Long Lake is ready when you are. Just bring your water toys and jump in. The Lake does have access to Chain of Lakes! (Hot tub included, conveyed AS-IS.)
Source: MRED #12346365
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: MRED #12346365
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.