12120 Cherry St, Thornton, CO 80241
4 beds · 3 baths · 2,267 sqft sqft
Spacious 4-Bedroom Home in the Desirable Northhaven Neighborhood. Discover this large home, perfectly nestled in the tucked-away, quiet community, offering proximity to schools, parks, open space, shopping, and more. As you enter, you're welcomed by the living and dining rooms—ideal for entertaining guests or enjoying family gatherings. The recently updated kitchen and breakfast nook with new cabinets, countertops, and appliances are next and opens to the upstairs and down. Upstairs, the home boasts three well-sized bedrooms, including a spacious primary suite with a large walk-in closet and a private bath. Two additional bedrooms and a second full bathroom complete the upper level, along with the versatile loft area where you can work, play, or relax. Stepping down from the kitchen, a cozy family room with a fireplace, perfect for chilly nights awaits. The finished basement offers even more flexibility, with two additional rooms. A non-conforming bedroom with an egress window, perfect for guests, and an extra room that makes a great home office or workout space. Outside, enjoy the beautifully landscaped private backyard, complete with a large shade tree and a covered patio for outdoor relaxation or entertaining. The oversized 2-car garage provides plenty of storage and workspace, while RV parking and a side-yard shed offer additional space for your outdoor gear and tools. This home has been thoughtfully updated with new flooring, upgraded kitchen, fresh interior and exterior paint, and more. With no HOA, easy access, and just minutes from shopping, restaurants, and other amenities, this home offers convenience and comfort in one of the area’s best-kept secrets. Move in today and add your personal touches to make it truly your own! Assumable FHA loan is available with this property. Close in 45 days when you work with Roam. Inquire with the listing agent for more details.
Source: RECO #8074375
Interest rate and monthly payment estimated based on public records.
Source: RECO #8074375
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: #8074375
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