A perfect Starter home! A Buckley worker's dream location - Thanks for your service! One of Aurora, Colorado's newest tucked away, serene, and quiet, one of the cleanest, well-maintained Horizon Uptown community! Easy access to E-470, I-70, I-225 and DIA. Only steps to a neighborhood park and an Elementary school is coming soon! It's only a 10-to-13-minute short drive to Green Valley Ranch, with tons of shopping, retail, restaurants, fitness centers, entertainment, parks and recreation, schools, shopping, bike trails and many other amnesties! Close to Aurora Reservoir, and the Huge South Lands shopping mall is 11 minutes to the Southeast! Just west of the property is literally only 12 minutes to the Aurora Mall, Post Offices, restaurants, including the infamous In-N-Out Burger, and other shopping, entertainment, retail, banks and more! It boasts the latest craving of a Tankless Water Heater for an endless supply of hot water! New Roof! Corian counter tops in the kitchen and master bath which has a roomy walk-in shower and large walk-in closet! It comes with a Bonus room for an office or your work out equipment. Relax and unwind while watching the sun set or rise on the delightfully inviting covered front porch. Come make this one in a newer up and coming community your next home! Seller motivated. Bring all offers! ***Book showings through Broker Bay 1-888-808-0331 / BROKERS PLEASE READ ALL BROKER REMARKS***
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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