10440 Olathe St, Commerce City, CO 80022
5 beds · 3 baths · sqft
Welcome to your new home! This exquisite five-bedroom, three-bathroom residence is ideal for multigenerational living, offering ample space for the entire family. Immaculately maintained, the home features 10-foot ceilings on the main level and numerous upgrades, providing abundant storage solutions. Upon entering, you'll be captivated by the beautiful new laminate flooring that spans the main living area. The ranch-style includes two formal bedrooms on the main floor, an office space that can serve as a sixth non-conforming bedroom, a full bathroom, and the primary suite. Primary suite impresses with two closets and an ensuite bathroom. The recently updated kitchen is a chef's dream, featuring floating wall shelves, quartz countertops, updated cabinets. The fully finished basement offering three additional bedrooms, a galley kitchen, pantry, living/dining area, and a full bathroom. This area is perfect for a Mother-in-Law suite or a private retreat for older children. Two-car garage includes a backyard service door, and the professionally landscaped yard features xeriscaping in the rear, a sprinkler system, and a private patio. Located in the vibrant community of Reunion, including two pools, a recreation center, miles of trails, and numerous parks. Recent upgrades to the home include a new roof in 2019, a new water heater in 2018, complete basement finishing in 2021, kitchen and living room remodels in 2020, laundry room renovation in 2021, and a primary bath remodel in 2020 with custom pull-out pantry shelves added in 2021. Additionally including an extra-large energy-efficient fan in the living room, new luxury vinyl plank flooring in 2021, new 5-inch baseboards throughout the upstairs (excluding bedrooms and bathrooms) in 2021, new carpet on the stairwell in 2021, quartz countertops in the master bath and main kitchen, granite in the basement kitchen, a Nest thermostat, professionally fertilized trees and bushes in 2021.
Source: RECO #5155374
Interest rate and monthly payment estimated based on public records.
Source: RECO #5155374
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #5155374
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