10251 Rifle St, Commerce City, CO 80022
3 beds · 3 baths · 3,322 sqft
Welcome Home to 10251 Rifle Street, a beautiful home nestled in the popular Reunion neighborhood. With over $70,000 in upgrades and designed to impress, this property offers an inviting atmosphere and all the conveniences you desire. Upon entering, you'll be welcomed by a bright two-story entryway with gleaming hardwood floors and natural light that pours into the spacious office/living room. The open-concept main floor connects the living spaces, making it ideal for entertaining or family gatherings. The kitchen is outfitted with premium GE Café appliances, ample counter space, pantry, and a breakfast bar. Adjacent to the kitchen, the dining area is enhanced by elegant new lighting and a new sleek sliding glass door that opens to the backyard. The family room is a cozy retreat with a stacked stone fireplace. Upstairs, a versatile loft awaits, ready to serve as a playroom or tranquil retreat. The master suite is a luxurious escape, boasting a trey ceiling, a custom-designed walk-in closet, and a spa-like en-suite with dual vanities, walk-in shower featuring new custom glass barn door, and a soaking tub. Two additional bedrooms share a spacious hall bathroom with dual sinks, providing ample room for family or guests. Laundry becomes a breeze with the washer and dryer conveniently located upstairs. The outdoor area has a beautifully landscaped yard perfect for entertaining or enjoying peaceful moments. The patio is ideal for hosting barbecues and gatherings, while the fenced yard ensures privacy. A New Roof with Class IV Shingles has been installed, this may reduce your home owners insurance. With convenient access to major highways, commuting to DIA, Denver, Boulder, and surrounding areas is simple and stress-free. Embrace the opportunity to call this exceptional property your new home.
Source: RECO #4375690
Financials
Source: Public records
Source: RECO #4375690
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
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