1421 Jasmine St, Denver, CO 80220
2 beds · 1 baths · 698 sqft
MORTGAGE IS ASSUMABLE AT 2.87%! This charming townhome in the popular Mayfair neighborhood is the perfect starter home! As an end unit with no shared walls and a private yard, you'll enjoy peace and privacy, plus the added bonus of a rare attached garage. Recently remodeled, the home features a bright, modern kitchen with crisp white cabinets and stainless steel appliances, making it ideal for cooking and entertaining. The updated bathroom boasts stylish flooring and a fresh tile surround in the shower. The spacious main floor bedroom offers plenty of closet space and a cozy nook with a window—perfect for setting up your home office. Gleaming hardwood floors run throughout the main level, adding a touch of elegance. Upstairs, you'll find a second bedroom that’s perfect for guests or a quiet retreat. Located in the back of a beautifully landscaped courtyard, this home offers a tranquil atmosphere while still being close to shopping, public transit, and great restaurants like Little Dragon, Benzina & Supreme Chicken! With its unbeatable location and move-in-ready condition, this townhome is a fantastic opportunity for first-time buyers
Source: RECO #3924086
Financials
Source: RECO #3924086
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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