Welcome home to this stunning end-unit townhome located in the highly sought-after Cherry Creek School District! This beautifully maintained 3-bedroom, 4-bath residence offers the perfect combination of comfort, functionality, and style. Step inside to a bright and spacious living room featuring vaulted ceilings, a cozy fireplace, and large windows that fill the home with natural light. The main floor primary suite offers privacy and luxury with a five-piece ensuite bathroom and a custom walk-in closet designed for maximum storage and organization. The open-concept kitchen and dining area are ideal for entertaining, complete with an eat-in nook, ample counter space, and easy access to the large concrete patio—perfect for outdoor dining, relaxing, or tending to your flower and garden boxes. A conveniently located laundry room and attached two-car garage complete the main level. Upstairs, you’ll find a versatile loft area, ideal for a home office or cozy reading space, plus two additional bedrooms. A full bathroom connects directly to one of the bedrooms, providing a thoughtful and functional layout. The finished basement offers even more living space with a large great room—perfect for movie nights, a guest suite, or even a rental studio setup—along with a full bathroom for added convenience. This home also boasts recent updates including a new water heater, serviced A/C unit, and furnace, ensuring comfort and peace of mind year-round. Perfectly positioned, this townhome offers features and upgrades that truly stand out above the rest in the community. Enjoy being within walking distance to Cherry Creek Reservoir, where you can experience nature, trails, and recreation just minutes from your door. Great setup to rent three different bedroom/bath all in one townhome! Plus plenty of parking directly by unit! Experience low-maintenance living, modern comfort, and exceptional location—all in one remarkable home!
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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