Welcome to your new home! Built just in 2019 this beautifully designed two-story residence combines modern design, comfort, and extremely functional living space. The open-concept kitchen is a centerpiece that offers granite countertops, stainless steel appliances, a large island with a sunken stainless steel sink, pantry, and ample cabinetry. Its ideal for both entertaining and everyday living. It blends in with the family room which allows an excellent option for hosting guests, serving up snacks, and enjoying time together without missing out an any of the social action. Upstairs, you'll find four spacious bedrooms and the ultra conveniently located laundry room. The primary suite is thoughtfully designed with a double-sink vanity for you and your partner, an expansive walk-in shower, closed off water closet, and a generously sized and convenient walk-in closet. Three additional bedrooms provide flexibility for family, guests, or any home office needs. To accommodate everyone there is another full bathroom with another double vanity sink set up and a tub/shower combo. Outside the sliding doors in the kitchen you will find the backyard with already installed low-maintenance turf, a covered patio, and fencing—perfect for relaxing or hosting gatherings. The oversized two-car garage features high ceilings, offering ample storage and utility space. The best part is this home is ideally situated in a welcoming neighborhood that is just a 3-MINUTE WALK to the local Pre-K through 5th grade elementary school. There is also a brand-new high school and community recreation center currently under construction just minutes away. The location also allows for quick access to E-470, RTD public transit, an extensive trail system—perfect for avid bikers and runners and very convenient drives to DIA. Don’t miss your chance to own in this thriving, fast-growing community that is expanding. Schedule your tour 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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