12988 E 108th Pl, Commerce City, CO 80022
4 beds · 4 baths · 3,320 sqft
Welcome to your move-in ready dream home! This stunning 4-bedroom, 4-bathroom, 3320 sq ft residence boasts $73,000 in upgrades since 2022. Enjoy a beautifully updated kitchen featuring a large new island, countertops, new backsplash, freshly painted cabinets and all new stainless steel appliances, including a spacious pantry. The large open floor plan includes a great room with a re-purposed gas fireplace with a $150 remote control. The great room flows nicely into the dining area, enhanced by the removal of a half wall. The primary bedroom offers a charming barwood accent wall and a luxurious ensuite with a modern walk-in closet and nice sized bathroom with a nicely updated large walk-in shower. A huge loft separates the primary suite from two additional bedrooms, a full bath, and an upper-floor laundry room. The basement offers a large family room, 4th bedroom, and 4th bathroom. Step outside to a recently upgraded backyard with a new concrete slab, gazebo, and gardens. There is a trampoline that is included or remove for a perfect fire pit area. You'll love that the home is just a short walk from an elementary school and community pool. Conveniently located off E-470 for easy access to Denver International Airport. This is the home you have been waiting for as you'll simply open the door, move in and enjoy your new home without having to lift a finger! This home has an assumable VA loan @3.25% that can only be assumed by a Veteran as seller wants to keep his VA eligibility. The approximate balance is $531,497 with a payment of $3,485.87.
Source: RECO #7922001
Financials
Source: RECO #7922001
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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