117 6th St, Frederick, CO 80530
3 beds · 2 baths · 2,240 sqft
Charming Home only blocks away from Historic Downtown Frederick – This is a Move-In Ready home with Modern Updates! This delightful single-story home offers the perfect blend of charm and modern convenience. With a one year old roof and fresh exterior paint, plus a brand-new egress window in the basement, this home is move-in ready! Step inside to a welcoming living room featuring neutral tones, vinyl plank flooring, extra plush carpets, ceiling fans, and dual-pane windows for energy efficiency. The spacious eat-in kitchen boasts beautiful honey oak cabinetry, granite countertops, a stylish mosaic tile backsplash, and a full suite of appliances, making it perfect for cooking and entertaining. The main level features 2 oversized bedrooms - one of which is an expansive sized master retreat, while the over 1100 sq. ft. basement offers a huge family room, an additional bedroom, and a versatile bonus space—ideal for an extra bedroom, entertainment area, or home office. The basement still needs finishing, but is already started for you. Enjoy outdoor gatherings in the large backyard, and take advantage of the 2-car detached garage with alley access. This home is walking distance to local parks, an array of dining options, and shopping, adding to its unbeatable location. For added peace of mind, this home includes a 24-month home warranty—a rare and valuable peace of mind for any new homeowner. Don't miss out on this fantastic opportunity—schedule your showing while you can!
Source: RECO #5637238
Financials
Source: RECO #5637238
Source: Public records
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%. 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.
Other resourcesWhat 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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