Own a piece of Denver history and offset your mortgage with $4K–$5.2K/month in built-in income. $20K seller concession offered — perfect for rate buy-down, closing costs, or upgrades. Steps from Cheesman Park & short walk to Cherry Creek, this stunning 1886 Victorian wows with its iconic corner turret & rich original architectural details blending historic charm with modern luxury in one of Denver’s most desirable neighborhoods. The standout private-entry garden-level 1-bed, 1-bath apartment (with full kitchen) delivers strong income—approximately $4K–$5.2K/month ($45K–$63K/year) depending on use and leasing strategy. Perfect for an au pair, in-laws, multigenerational living, or savvy house hacking that offsets your mortgage while keeping everyone comfortably close yet independent. Zoning allows for a potential 3rd unit, adding long-term upside. Spanning 4,052 sq ft across 4 levels, the home offers 5 bedrooms & 4 bathrooms with exceptional flexibility for extended family or investors. Timeless original details—rich hardwood floors, intricate trim, pocket doors, & 3 fireplaces with original tile—shine alongside a gourmet kitchen featuring Viking & Kenmore Elite appliances, a spa-like primary bath, and attic media room complete with bar. Outdoor living is magic: a welcoming front porch for peaceful mornings, a sunset & Denver skyline-facing second-story back deck for unforgettable evenings, a private yard, & a 2.5-car detached garage with future rooftop deck potential. Beautifully restored & flooded with natural light, this true sanctuary honors its heritage while delivering the warm, inviting lifestyle you’ve been dreaming of. Perfectly positioned on a quiet, tree-lined block, this is a rare opportunity to own a legacy property that lives as beautifully as it performs. The main home has historically rented for $6,250–$6,500/month furnished—creating ~$10K–$12K/month in total income when combined with the ADU. Listing Agent has ownership in home.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
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