Welcome to this beautifully refreshed home in the heart of Harvey Park South, ideally situated on a spacious corner lot with mountain views. Just minutes from Harvey Park, Wolcott Lake, local schools, and amenities, this inviting mid-century ranch offers the perfect blend of timeless character, thoughtful updates, and an exceptional location. Inside, walls of windows fill the home with natural light, creating the bright, airy atmosphere that makes Colorado living so special. The updated kitchen blends vintage charm with modern convenience. Overlooking the expansive backyard and gardens, the kitchen flows effortlessly into the dining and family room—an ideal space for gathering with friends and family. The main level offers three spacious bedrooms and a stylishly updated bath, providing comfortable everyday living. Downstairs, the finished basement greatly expands the home’s versatility, featuring a large recreation room anchored by a cozy vintage wood stove, a fun bar area with space for a dartboard, two additional bedrooms, a three-quarter bath, and a generous laundry area with abundant storage—perfect for guests, hobbies, or flexible living. Recent upgrades include refinished hardwood floors on the main level, new luxury vinyl plank flooring in the basement, and fresh interior and exterior paint, making this home truly move-in ready. Step outside and discover one of the neighborhood’s larger corner lots. The backyard is a private retreat with a covered patio, mature shade trees, rows of lilac bushes soon to bloom, and a wide lawn—perfect for summer gatherings and enjoying breathtaking sunsets with views of the Mount Lindo Cross! Two garage spaces (one attached and one carport), an enclosed workout/flex space, and separate storage shed provides extra room for gear. With its classic mid-century charm, generous lot, flexible living spaces, and unbeatable location, this move-in-ready gem captures the essence of one of Denver’s most beloved neighborhoods.
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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