RARE CORNER LOT WITH THE REDFORD 4BD 4BATH HOME w a FINISHED BASEMENT!! Welcome to this exquisite residence located in the highly sought-after 55+ community of Heritage Todd Creek! The 3-car garage immediately sets the tone. Inside, you’ll be greeted by an inviting living room featuring a cozy fireplace that creates the perfect gathering spot. Wood-look floors add warmth and elegance, while the open concept design and high ceilings makes entertaining effortless. Host holiday dinners in the dining area, perfectly situated for both intimate evenings and lively celebrations. Kitchen is a true showstopper boasting sleek solid surface counters, stainless steel appliances, convenient wall ovens, and a striking mosaic tile backsplash that adds a touch of artistry. The center island with breakfast bar provides additional space for meal prep or morning coffee. Whether you love to cook or just enjoy a beautiful kitchen, this one delivers on both function and style. At the end of the day, retreat to the main bedroom, your personal sanctuary. Featuring wood-look floors, a charming bay window, and a private spa-like bathroom, this space offers the ultimate in relaxation. The bathroom is thoughtfully designed with double sinks, a glass-enclosed shower, and tile floors, complemented by a generous walk-in closet to keep everything organized leading directly into your laundry room complete with a sink and plenty of cabinets for storage. For those who work from home, need a reading nook, or want a quiet creative corner, the bedroom provides the flexibility to make it your own. Outdoors, enjoy Colorado’s stunning sunsets from the covered patio backing to one of the amazing water spots, the perfect setting for your favorite beverage or quiet reflection. This community enhances your lifestyle with amenities including a resort-style pool, fitness center, clubhouse, and more, all designed to encourage relaxation and connection.
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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METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.
