12820 Cherry Way, Thornton, CO 80241
4 beds · 3 baths · 2,673 sqft
Welcome to 12820 Cherry Way! This lovely 4-bedrooms on one level, 2.5-bathroom home offers a welcoming front porch and a beautiful floor plan that seamlessly connects the remodeled kitchen with granite countertops, living room, and dining room—perfect for entertaining. All four bedrooms are located upstairs, along with a full bathroom for convenience and a private primary en suite. The finished basement is ideal for fun and relaxation, featuring a sports bar set up and a game room with rough in plumbing to add a bathroom if desired. Outside, you'll find a huge fenced backyard with two patios, gardens, hot tub, and level lawn for corn hole or soccer, perfect for outdoor gatherings and a RARE back gate that opens to a large neighborhood pocket park. No neighbors behind! It's a dream location in a peaceful and lovely neighborhood. Additional highlights include a 2-car garage and a location close to local amenities. The homeowners are only the second to have ever lived there and have loved living there for 16 years. They have updated and upgraded everything with quality finishes. Newer trim, fresh stain on the bannister, new exterior and interior paint, new dishwasher, granite countertops, real wood cabinets, high quality landscaping and all new fencing, new garage door with opener, newer tile in the entry and front room, newer furnace and AC, Newer windows and sliding glass door, all interior doors replaced, all closet doors replaced, front porch tiled, back corner patio finished, fireplace professionally cleaned etc. Don’t miss the chance to make this home yours! Click the Virtual Tour link to view the 3D walkthrough. Discounted rate options and no lender fee future refinancing may be available for qualified buyers of this home.
Source: RECO #9063131
Interest rate and monthly payment estimated based on public records.
Source: RECO #9063131
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: #9063131
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