6350 S La Crosse Ave, Chicago, IL 60638
3 beds · 2 baths · sqft
Welcome to this stunning, fully renovated split-level home that perfectly blends modern design with cozy charm. Boasting 5 bedrooms (3 on the upper level and 2 additional in the finished basement) and 2 full bathrooms, this property is a rare gem offering ample space for comfortable living. The main floor's open-concept design is drenched in natural light, highlighting the beautiful hardwood floors throughout the first and main levels. The heart of the home is the stylish kitchen, featuring granite countertops, sleek stainless steel appliances, and a large island perfect for entertaining. The flow from the kitchen to the dining and living areas makes hosting a breeze. The finished basement adds versatility, providing extra living space or perfect place to be used as a separate apartment for larger family. Whether for a family room, home office, or guest quarters, the options are endless. Located in a fantastic location, this home is close to restaurants, shops, and the conveniences of Midway Airport, making it ideal for both homeowners and investors. With its prime location and thoughtful updates, this property presents an exciting Airbnb investment opportunity for those looking to grow their portfolio. Redone from top to bottom, this home combines contemporary finishes with practical functionality. From the updated bathrooms to the modern fixtures, no detail has been overlooked. Whether you're looking for your forever home or a smart investment, this property is move-in ready and waiting for you. Don't miss your chance to own this incredible home in a thriving neighborhood. Schedule your showing today!
Source: MRED #12209567
Interest rate and monthly payment estimated based on public records.
Source: MRED #12209567
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: #12209567
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.