Come discover easy, move-in ready living in this Ranch style home located in the Silver Peaks subdivision located in Brighton, CO. This home features a 3-bedroom, 2-bathroom floor plan with 2,684 total square feet that provides a desirable main-floor primary bedroom many buyers are searching for along with thoughtful updates throughout. Some of those updates include a freshly painted interior and exterior, updated laminate flooring, brand-new carpet in all three bedrooms, and recently added roof that helps provide a clean, modern feel from the moment you arrive. The open main-level layout is ideal for everyday living and also comes with a full basement (unfinished) that’s not commonly found in this subdivision providing flexibility for adding future living space with an additional bedroom/bathroom, entertainment area, or other opportunities of your choosing. Enjoy the newly added backyard landscaping and a large concrete patio perfect for relaxing, entertaining, and enjoying Colorado’s outdoor lifestyle. This home also includes a solar panel system (financed not leased) for aiding in energy efficiency along with electric vehicle charging in the garage for buyers with electric vehicles. This location is also near parks/recreation, a short distance to the Crossing Dog Park along with convenient access to I-76 for commuting to Denver, Brighton, and surrounding areas with nearby shopping, restaurants, retail, and everyday amenities. Outdoor enthusiasts will also appreciate being in fairly close proximity to the Barr Lake State Park offering a wide variety of trails, wildlife viewing, boating, fishing, and Colorado outdoor recreation opportunities. A great opportunity to own a clean, move-in ready ranch style home with room to grow in one of Brighton’s popular areas. Come take a look and make it yours today!
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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