Description
Stop Renting. Start Owning! Unique homeownership opportunity designed for renters ready to make the move to owning. Updated 3-bedroom, 2 bathroom home featuring new vinyl plank flooring, updated bathrooms and updated kitchen. This property qualifies for a unique homeownership program designed to help renters transition to ownership with minimal upfront cash and a simplified approval process. Example terms: $158,000 purchase price with payments as low as $1,395/month. Security deposit may be applied toward the down payment, and the first month's rent becomes the first mortgage payment. Program designed for hardworking buyers, including self-employed, 1099 earners, small business owners, ITIN holders, and credit-rebuilding applicants. If you qualify to rent, you may qualify to own. Program availability and terms vary. All approvals subject to income verification and underwriting guidelines. Equal Housing Opportunity.
Property Highlights
Property Type: Residential - Single Family
Total Living Area SF: 1,152
Built in 1922
School District: District 145
General Information
Bedrooms: 3
Bathrooms: 2
Sqft: 1,152
County: Stephenson
Listed By:
Keller Williams Realty Signature
815-315-1111
MRED MLS
MLS ID: 12621245
Room Information
Bedroom 2: 10X11
Bedroom 3: 9X10
Dining Room: 9X10
Kitchen: 12X14
Living Room: 12X16
Primary Bedroom: 11X12
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1254 S Chicago Avenue, Freeport, IL 61032.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $158,000 | $158,000 | $158,000 |
| Down Payment | $31,600 | $5,530 | $39,500 |
| Monthly Mortgage Amount | $738 | $930 | $960 |
| Taxes | $220 | $220 | $220 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $69 | $0 |
| Monthly Estimated Total | $1,058 | $1,319 | $1,280 |