Exceptional opportunity to own one of the largest and most sought-after floor plans in Cherry Creek Townhomes — a rare two-story with a fully finished basement offering nearly 2,400 square feet of beautifully updated living space. With 4 bedrooms and 4 bathrooms spread across three thoughtfully designed levels, this move-in ready home lives like a single-family residence. The main living area centers around a cozy gas fireplace, perfect for Colorado evenings, while the spacious layout provides room to work, relax, and entertain. Step outside to your large, private fenced patio — ideal for summer barbecues or morning coffee — and peaceful greenspace views right out front. The patio is large enough for a shed (which is allowed). The kitchen features espresso stained cabinets and granite countertops with a peninsula island overlooking the dining area. The laundry is conveniently located on the main level. Upstairs, three bedrooms include a generous primary suite complete with a large walk-in closet and a private en-suite bath featuring a jetted soaking tub — your own personal retreat. The newly finished basement adds incredible versatility with a fourth bedroom, a full bathroom, and a spacious recreation room that works equally well as a family room, home office, or gym. Two covered parking spaces complete the package. Location is everything, and this home delivers. Whether you're commuting to the DTC, heading downtown, or catching a flight, you simply couldn't ask for a more connected location. Updated, move-in ready, and loaded with space — this one checks every box. Situated just steps from the from the Dayton light rail station, you'll enjoy an effortless commute to the DTC, Downtown Denver, DIA, and beyond.
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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