193 Lake Ct Crystal Lake, IL 60014
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About this home
CRYSTAL LAKE ESCAPE... Discover a home where low property taxes and an unbeatable location come together to create a truly unique opportunity. Perfectly positioned just steps from Crystal Lake and minutes from the Virginia Street corridor-with its shops, dining, and everyday conveniences-this inviting residence feels like a year-round getaway at a surprisingly affordable price. Inside, a bright, open floor plan welcomes you with abundant natural light. The modern kitchen features stainless steel appliances and generous cabinet space, while the lofted primary suite and updated bathrooms offer a private, spa-like retreat. Step outside into your own backyard sanctuary complete with a heated in-ground pool, expansive deck, hot tub, and multiple spaces for lounging or entertaining. A storage shed provides room for seasonal items, and while there is NO GARAGE currently, the property offers ample space to construct one to your specifications. Please be aware this home has a crawl space only-NO BASEMENT. These details, however, are far outweighed by the value of the property, its low taxes, and the unbeatable proximity to Crystal Lake. Families will appreciate access to award-winning Crystal Lake schools, including District 47 elementary schools recognized for their excellence in Positive Behavioral Interventions & Supports (PBIS), and Crystal Lake South High School, celebrated for its outstanding theatre program and athletic achievements. With downtown Crystal Lake, the Metra station, Pace Bus 550, Veteran Acres Park, Main Beach, and the historic Dole Mansion all just minutes away, this home offers not just a place to live, but a lifestyle of convenience, recreation, and retreat. Don't miss your chance to make this Crystal Lake escape your own.
Source: MRED #12458446
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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.