3593 Akron St, Denver, CO 80238
3 beds · 3 baths · 1,712 sqft
********** Assumable FHA loan available at a very low interest rate, ask your agent and your lender for explanation on how this can work for you to save you on your monthly payment Welcome to this delightful paired home, offering a combination of charm and practicality in a prime Central Park location. Tucked away in a peaceful neighborhood nook, this home provides the perfect retreat while keeping you close to everything—quick access to , shopping, restaurants, public transportation, highways, parks, and trails. One of the neighborhood's gems, this home features a landscaped courtyard, an inviting space for socializing or enjoying the outdoors without having to maintain a large yard. In addition, there is a private side yard with room for outdoor dining or a hot tub. Inside, the open main level is bathed in natural light, with a modern kitchen boasting a farmhouse sink, ceiling-high cabinetry, and plenty of storage. The upper level houses all bedrooms, plus a versatile loft space that’s ideal for remote work, creative projects, or additional living space. The vibrant community atmosphere and proximity to everyday conveniences make this home an unbeatable choice for those seeking a balance of city living and neighborhood charm. ******** SELLER offering 15k to BUYER to be applied to rate buy-down, payment of closing costs or new carpet install or any combination buyer chooses
Source: RECO #3359531
Interest rate and monthly payment estimated based on public records.
Source: RECO #3359531
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: #3359531
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