Welcome to your next chapter in this charming, classic 1965 ranch home nestled in a highly desirable Wheat Ridge neighborhood! Offering the perfect blend of suburban tranquility and city convenience, this single-level home is a fantastic canvas ready for your personal touch. With over 1,600 square feet of comfortable living space, this property boasts a smart floor plan that maximizes natural light and everyday functionality. Whether you are a first-time homebuyer, looking to downsize, or seeking a great investment property, this home offers incredible potential in a sought-after zip code. Property Highlights Comfortable Living Spaces: Featuring beautiful wood flooring and a cozy fireplace, the main living area is perfect for relaxing on chilly Colorado evenings or entertaining guests. Single-Story Convenience: The classic ranch-style layout offers three well-proportioned bedrooms and two bathrooms, providing easy, stair-free living. Generous Outdoor Space: Situated on a 6,534 square foot lot, the spacious, level backyard provides a fantastic opportunity to create your own outdoor oasis. It's perfectly sized for gardening, summer barbecues, or letting your pets roam freely. Climate Control: Equipped with forced air heating to keep you comfortable. The Neighborhood & Lifestyle Location is everything, and this home puts you right in the middle of it all! Living in Wheat Ridge means you are perfectly positioned between the vibrant heart of downtown Denver and the breathtaking foothills of the Rocky Mountains. Unbeatable Access: Enjoy immediate access to I-70, making your weekend mountain escapes or your morning commute an absolute breeze. Local Charm: You are just minutes away from the shops, breweries, and phenomenal dining options in historic Olde Town Arvada and Northwest Denver. Recreation: Close to fantastic local amenities, including neighborhood parks, community swimming pools, and extensive local bike paths.
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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