1049 S ALKIRE ST, Lakewood, CO 80228
Experience maintenance-free living in the sought-after Green Mountain Neighborhood! Step inside to discover a spacious main floor living room featuring a newly updated fireplace. The expansive kitchen boasts granite countertops, stainless steel appliances, and abundant cabinet space, ideal for culinary enthusiasts. The adjacent dining area is perfect for hosting memorable gatherings and special events. A convenient guest bathroom on the main floor enhances your entertaining capabilities.Upstairs, two generously sized bedrooms offer versatile options, each with charming Juliet balconies. The fully finished basement provides an additional living area complete with built-ins and a flexible third bedroom (non-conforming) that can serve as an office or multifunctional space. The attached 2-car garage adds extra storage and comfortably accommodates two full-sized vehicles. Just blocks from Green Mountain and its 20+ miles of hiking and biking trails, as well as Green Mountain High School, this home offers an incredible opportunity. Homes of this caliber in the area typically exceed $700K. Quick access to i-70 and all the Colorado mountain actives, and just minutes fro 6th Avenue for a short drive into Downtown Denver. Don’t miss your chance to own a piece of this prestigious neighborhood!
You may be able to put down less than the total down payment amount of $269,522 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #2279589
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