11250 Florence St # 9D, Commerce City, CO 80640
2 beds · 4 baths · 1,588 sqft
BACK ON THE MARKET DUE TO FINANCING FALL THRU AND PRICED TO MOVE! SELLER IS MOTIVATED AND ABLE TO ACCOMMODATE A MOVE-IN AS QUICK AS YOUR LENDER CAN GET IT TO CLOSE! Assume this home's 2.875% mortgage, save thousands annually, and close in 45 days when you work with Roam. Inquire with the listing agent for more details. So...Welcome! This spacious townhouse style condo is conveniently located near DIA and quick drive to Denver with near by public transportation access. Entrance is on the lower level where you will find a half bath, storage, 2 car attached garage, and front exterior access. On the main level, you'll find a tasteful kitchen with lots of counter space, storage, and room for a table to make the kitchen complete as eat-in. You'll also find a huge living room with dining space, half bathroom, and covered deck perfect for entertaining. The upper level is where you'll find the laundry with washer and dryer included. The primary bedroom boasts a walk-in closest and sliding door closest perfect for those sharing the room or needing extra storage for their own wardrobe. The bathroom is complete with dual sinks and shower. You'll also find a balcony deck for starting off a relaxing weekends at home. This home is a great starter home or ideal for those that may eventually seek a roommate! Don't wait, this is one not to be missed! This property may also qualify for a No money down- NO PMI loan program AND for our $5,000 Home-buyer Grant that can be used towards closing costs when you use Keybank as your lender!! The property qualifies based off the census tract it is in, which is why we can offer this amazing program which with NO income restrictions! This means that even if a buyer makes one million a year that they can still buy this property with our NO money down and with a 5K grant for closing costs!
Source: RECO #3311073
Interest rate and monthly payment estimated based on public records.
Source: RECO #3311073
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: #3311073
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