1151 W 15th St # 123 Unit 123 Chicago, IL 60608
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About this home
Bright, warm, and inviting, this two-bedroom, two-bath soft loft blends airy aesthetics with refined architectural character for a truly elevated living experience. Step through your private gated entrance onto an expansive patio, lushly landscaped and perfect for quiet mornings or evening relaxation. Inside, a wall of floor-to-ceiling windows bathes the space in natural light, creating a seamless indoor-outdoor connection that enhances the home's open, tranquil vibe. The living area centers around a striking stone tile fireplace, complemented by rich hardwood floors that flow throughout. The kitchen is both stylish and functional, featuring ample cabinetry, gleaming granite countertops and backsplash, and a convenient breakfast bar for casual meals or entertaining. The spacious master bedroom offers a serene retreat with hardwood floors, a generously sized walk-in closet, and a beautifully tiled ensuite bath complete with a spacious vanity and deep soaking tub. The second bedroom, also with hardwood floors, includes a walk-in closet outfitted with custom organizers - ideal for maximizing space. Located in the amenity-rich University Commons, this home invites you to embrace a carefree, vibrant lifestyle: enjoy the heated outdoor pool, award-winning grounds, pet-friendly sidewalks, and sweeping skyline views from the expansive rooftop wrap-around deck. Stay active in the modern fitness center, host friends in the party room, catch a movie in the rentable theater. Just a short stroll from Pilsen, West Loop, South Loop, and UIC - and steps from multiple public transit options and expressway access - this location is as convenient as it is charming. A heated, secure garage space is available for $30K, and the unit itself is meticulously maintained and truly move-in ready.
Source: MRED #12496076
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.