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$490,000 SIGNIN

Sign in to see required down payment for the 5% rate

10470 W 83rd Ave, Arvada, CO 80005

3 beds · 3 baths · 1,901 sqft

Welcome to this beautifully updated home in the heart of Arvada! Featuring a brand-new Class 4 roof and fresh exterior paint, this property offers exceptional curb appeal and durability. Step inside to find newly installed carpet throughout and a modernized basement, perfect for entertaining or additional living space. Eco-friendly upgrades include solar panels and a Tesla charger in the garage, blending sustainability with convenience. It is also the only townhome in the neighborhood with a white deck to match the white trim of the home. Lakecrest is situated near Standley Lake Regional Park, a major draw for residents who enjoy hiking, biking, fishing, or simply taking in the scenic views of the lake and surrounding mountains. The area features a network of trails and parks, including the nearby Hills at Standley Lake Park and Beeman Park, making it ideal for those who value an active lifestyle. Come by and check out this gorgeous home, it will not last long!

Estimated
Seller's interest rate
5%
7%
Estimated
Monthly payment

$2,670
$3,026
You may also save up to $100,013 in total interest paid.

Learn about how it works

Why Roam


Gap financing to lower your down payment

Unlock down payments as low as 5% – only with Roam

5x the likelihood your offer is accepted

If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close

Close faster and stress-free

We close 2x faster because of our deep experience and lender relationships

Rates and payments are estimates based on public records.


Open house
Apr 19 • 12PM - 2PM
Financials
Seller’s estimated current equity is SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $3,026 monthly payment

Financed
SIGNIN
Location
Use two fingers to move the map
Loan details
Loan type
FHA
Rate
5%
Remaining term
23 yrs and 5 mos
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$2,670
Principal & interest
$1,792
Mortgage insurance
$236
Property taxes
$214
Home insurance
$355
HOA fees
$72
Utilities
Not included

Source: Public records

Home details
Size
1,492 sqft
Lot size
0.05 acres
Year built
1985
Type
Townhouse
HOA dues
$72.00

Source: RECO #1505999

Qualify

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.

Resources
Frequently asked questions

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.

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.

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 620, 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.

View all FAQs
Last updated: Apr 17, 2025 06:23 pm
Listing agent: Alejandro Leyva
Listing provided courtesy of: Keller Williams Realty Downtown LLC (303) 539-5700
Details provided by RECO and may not match the public record.
MLS ID: #1505999
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