Wonderful updated home in the Cherry Creek School District that has been lovingly maintained by the same family since 1988! Welcoming covered front porch! Double door entry with large foyer, formal living room with vaulted ceiling, bay window and connecting formal dining room. The kitchen has stainless steel appliances, including the refrigerator, flat top stove with double oven, island/chopping block, lots of cabinets and eat-in kitchen! Bar seating as well! Fantastic open concept! Family room with wood burning fireplace is great for those cool Colorado evenings! Work spaces with cabinets for storage, built in desk and sliding door to the large patio makes this space great for entertaining! Main floor laundry! Oversized, master suite retreat with two separate showers! Storage galore! Three additional secondary bedrooms upstairs! Fantastic finished basement with oversized bedroom with walk-in closet and en-suite bath! The perfect multigenerational property, primary residence or rental property! New roof, May 2025! New interior paint - Nov 26! Walk to the elementary school, Prospector Park, Big Sandy Park! AWESOME Cherry Creek schools! YES! Grandview High School! 15 minutes to DTC! 10 minutes to Southlands mall, awesome dining, and shopping options! Three minutes to Trail’s recreation center! Two minutes to the library! Incredible spacious layout all for under $600,000 in the top nationally recognized Cherry Creek school district! Hurry!! This is the place you will want to call 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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