3116 191st Pl, Lansing, IL 60438
3 beds · 2 baths · 1,800 sqft
Welcome to this beautifully designed 3-bedroom, 2-bathroom brick ranch, offering an inviting open layout perfect for comfortable living and effortless entertaining. As you step inside, you're welcomed into an open and spacious living room that flows directly into the dining area and kitchen, creating a warm and functional space for gatherings. The kitchen is equipped with modern appliances and direct access to the backyard deck, making indoor-outdoor entertaining a breeze.The main level features three generously sized bedrooms, each offering ample closet space, and a conveniently located full bathroom. The fully finished basement expands the living space with a stylish accent wall, ideal for a mounted TV or media setup, along with an utility space that could easily be made a 4th bedroom or office, as well as an additional full bathroom, and dedicated space for laundry and mechanicals. Step outside through the kitchen patio doors to a huge wooden deck, perfect for grilling, dining, or simply unwinding. The large backyard provides plenty of space for play, gardening, or hosting gatherings. A spacious 2.5-car detached garage and an extended paved driveway ensure plenty of parking for family and guests. Located in a prime spot, this home offers convenient access to North Creek Woods, where you can enjoy scenic biking and hiking trails through dense forest and prairie landscapes. Everyday essentials are just minutes away with Walmart Supercenter, Aldi, and Strack & Van Til, while Gordon Food Service Store and local markets like Richie's Mini Mart and Fresh Market provide additional options. For commuters, I-80/94 is just 1 mile south, offering easy east-west travel, while I-294 is within 2 miles, providing quick access throughout the Chicago metro area. With its spacious design, finished basement, outdoor living space, and prime location, this home is a rare find-schedule your showing today!
Source: MRED #12313357
All values shown are estimated costs / mo.
Source: Public records
Source: MRED #12313357
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 of Equal Opportunity Act.