An exceptional French chalet–inspired residence nestled on a private half-acre in the heart of Cherry Hills Village. Completely reimagined and redesigned in 2021, this stunning home blends timeless European character with sophisticated modern luxury. Every square inch has been thoughtfully renovated to the highest standards, creating an elegant yet comfortable living environment. Nearly 3,700 square feet of beautifully designed main-level living are highlighted by soaring 10-foot ceilings throughout and a spacious primary suite with 8-foot ceilings that offers a serene retreat. With 5 bedrooms and 4 bathrooms, the layout provides both flexibility and functionality. The 5th bedroom is currently being used as a playroom. Inside, exquisite craftsmanship is showcased through detailed paneled walls, custom crown molding, and abundant natural light. Just off the foyer, a private office provides a quiet and refined space for work or study. The warm and inviting living room centers around a gas fireplace, creating a cozy atmosphere perfect for relaxing or gathering with guests. Carrara marble and white oak flooring flow seamlessly throughout, adding warmth and refinement to every room. At the heart of the home is a stunning designer chef’s kitchen featuring striking black cabinetry, brushed gold hardware, and premium finishes that create a dramatic yet inviting focal point for gatherings and daily life. A built-in bar complete with a wine cooler can be found just off the kitchen. Equally impressive is the outdoor living experience. A covered patio overlooks the expansive, fully fenced yard designed for entertaining and relaxation. Enjoy multiple outdoor living areas including a private sauna, hot tub, outdoor shower and comfortable lounge space - A true backyard oasis. Ideally located with easy access to trails and the High Line Canal, and situated within the award-winning CCSD, this remarkable home offers the perfect blend of luxury, privacy & convenience.
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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