Welcome to this two-story home nestled on a large, private cul-de-sac lot in the established Villages at Sand Creek neighborhood. The low-maintenance xeriscaped front yard and covered front porch provide the perfect place to relax and enjoy the Colorado sunshine. Step inside to beautiful LVP flooring and window blinds throughout much of the home, along with central air and heat to keep you comfortable year-round. You’re greeted by a vaulted living room filled with natural light from a large front window, creating a bright and airy atmosphere. A convenient powder room with vanity and framed mirror is perfect for guests. The living room flows seamlessly into the cozy family room, complete with built-in shelving, a recessed TV nook, and a gas log fireplace with an elegant tile and glass surround—ideal for relaxing on chilly evenings. The adjoining dining area and kitchen open to the backyard through sliding glass doors, offering easy indoor-outdoor living. The kitchen provides generous cabinet and counter space, making meal prep a breeze. Upstairs, a versatile loft adds flexibility and could serve as a home office, playroom, second living area, or home gym. You'll also find two bedrooms, two full bathrooms, and a conveniently located laundry area. The spacious primary suite features a lighted ceiling fan, walk-in closet, and an attached bath with a tiled tub/shower, vanity, and mirror. The second bedroom has access to a full hall bath with a tub/shower combo. Outside, the tiered backyard is fully fenced and a paver stone patio—ready for a little TLC to transform it into your private retreat. An attached two-car garage adds even more convenience. Ideally located just minutes from Peterson Space Force Base, Powers Boulevard, and Academy, this home offers both comfort and convenience in a desirable neighborhood.
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.
