Rare Opportunity in the Highly Esteemed Greenfield Community! Over 4200 SQ FT & a 3-car Tandem Garage! Super Private 1/4 Acre Cul-De-Sac Corner Lot w/ Mature Trees & an Entertainer’s Dream Backyard! Grill in the Outdoor Kitchen while the Kids Roast S’mores in the Fireplace! Brand New Roof! Brand New Exterior Paint! Several Brand New Windows! *Ask about the Assumable Mortgage @ 2.75% Fixed Rate w/ no Mortgage Insurance!* The Main Level Features 2 Large Living Areas - Both are very Light & Bright w/ Large Windows & Cathedral Ceilings! Gas Fireplace, Double Staircase, Laundry Room w/ Utility Sink, a Convenient Powder Bath, Dedicated Dining Room, a Breakfast Bar & Eat-in Kitchen w/ Stainless Steel Appliances, Granite Countertops, and Tons of Cabinet Space! Upstairs Features the Primary Bedroom w/ a Nicely Appointed 5 PC Bath (Granite, Glass Shower, & Soaking Tub) & a Large Walk-in Closet! 2 Secondary Bedrooms (one with a California Closet) share a Jack & Jill Bath! Plus a Big Loft/Office Area! The Professionally Finished Basement Adds Comfort and Luxury to This One of a Kind Property w/ a Large 2nd Family Room, Guest/Teen Room, Large Full Bath, & Wet Bar! Plus a Bonus Room Perfect for Workout Equipment, Crafts, Media, Play Area….You Name it! The New Big Screen & Projector, Leather Reclining Theatre Chairs, Surround Sound Speakers, and Pool Table are all Included! Did I mention the Additional Convenient Shower next to the Built in Sauna!! Security System! Central AC! Sprinklers Front & Back! Ask for a List of All Items that Convey w/the Sale!…You’ll be Happy You Did! Greenfield Offers an Exceptional Lifestyle with Award Winning Cherry Creek Schools, Community Pool, Clubhouse, Tennis Courts, Parks, Playgrounds, and Miles of Trails. Super close to Grandview High School with Convenient Access to Highways, Southlands Outdoor Retail District, Cherry Creek Reservoir, Saddle Rock Golf Course, DIA, and DTC! The List Goes on…
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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