Rare ranch-style home in highly desirable Saddle Rock Ridge (Cherry Creek Schools)! Offering true main-level living, this thoughtfully designed floor plan features 3 bedrooms, including a generous owner’s retreat complete with a 5-piece bath and walk-in closet, plus two secondary bedrooms that share a full bath. The main level is warm and inviting, with a formal living room and dining room, and a cozy family room anchored by a gas fireplace. The spacious kitchen is ideal for everyday living and entertaining, featuring a large island, eat-in dining space, newer appliances, a new stainless sink, and ample cabinetry including pantry storage. The partially finished basement expands your living space with a large bonus area perfect for a media room, home office, workout space, or playroom. A convenient half bath (already stubbed for a shower) offers future flexibility. There’s also a partly finished room with an egress window—ideal for a potential fourth bedroom (currently there is no closet). Rounding out the basement is a generous unfinished area and crawl space for exceptional storage. Step outside to a private, beautifully maintained backyard featuring mature landscaping, a large deck, utility shed, and brand-new rear fencing—perfect for relaxing or entertaining. Enjoy added privacy with no neighbors to the back, and even better...the High Plains Trail sits directly behind the home, offering easy access to miles of outdoor recreation just steps from your door. Major updates provide peace of mind, including a Class 4 impact-resistant roof, full exterior paint, and several newer windows (all completed in October of 2023). Newer HVAC and water heater replaced in 2019. Recently serviced front and backyard sprinkler system, and new LED bulbs throughout. Garage door has been serviced with new springs. Easy access to abundant shops and restaurants (near Southlands). Many parks and trails throughout the community. Impeccably maintained home! Don't miss this rare opportunity!
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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