845 E 22nd St Apt 308 # 308, Lombard, IL 60148
2 beds · 2 baths · 1,290 sqft
PRICE DROPPED TO SELL W/ LOTS OF ADDED VALUE FURNITURE & ASSUMABLE LOAN! Owner including designer bedroom set w/ dresser from Ashley Furniture including with the sale! ALSO an assumable loan that you can save over $110K+ of interest savings built into your purchase transaction! See attached breakdown last photo for reference - Seller has $165K of assumable loan available with an interest rate of 3.625% (P+I $795.11) which is less than HALF the current market interest rate should your Buyer who purchases and assumes this loan will have significant savings! Very healthy condo association located next to Fountain Square retail and this condo association has over $1.2M+ in reserves and professionally managed (which is 20% higher than the latest reserve study recommending at least $1M in reserves). Freshly remodeled unit just rehabbed and refinished flooring, bathrooms, and kitchen w/ never before used appliances - never before lived in never before used oven/stove/microwave! See attached breakdown for reference. Condo was recently and fully renovated and updated too w/ brand new appliances bathroom and flooring [OLD PHOTOS from historical listing are available if you'd like to check or inquire]. Downtown Chicago Style condo in the burbs. Immaculate 2 bedroom 2 bathroom gem on the 3rd floor of this highly sought after building and condo association provides a serene and tranquil environment. Brand new hardwood floors are throughout the unit with a full master closet. Full-length kitchen has new countertops and a standing breakfast counter (that isn't load bearing and could be removed to open up the kitchen and living area) new cabinets and an unobstructed Westward view. The unit has a separate entrance in the hallway for access to mechanicals - which makes this unit unique because it's extremely soundproof for having external HVAC / compressors. The cable and internet service is included in the HOA too! Owner only pays electric and gas. High ceilings, stainless steel appliances. Covered private deck overlooking greenery and next to Yorktown mall as well as Oakbrook center. Easy access to interstate highways I-355/290/88/294. Protected bird path nestled amongst the lengthy walking trail. Indoor heated parking space directly below unit in PRIME position w/ security camera pointing at space, also located perfectly in between garage entrance and elevator too are just steps away! You also get a spacious storage space right in front of your parking space. Brand new disposal system appliances and kitchen. It's all right here and ready to go - nothing to do but move in!
Source: MRED #12080340
Interest rate and monthly payment estimated based on public records.
Source: MRED #12080340
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: #12080340
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