14282 E Radcliff Cir, Aurora, CO 80015
2 beds · 2 baths · 1,770 sqft
This custom decorated 1,770 square foot townhome with a 2-car attached garage located in South Aurora near Cherry Creek State Park and Smokey Hill Road. The first floor is an open floor plan with dining room, kitchen, breakfast bar, pantry, large living room, vaulted ceiling and gas brick fireplace and enclosed patio area. The second level has two bedrooms and a loft area with full bathroom. The master bedroom has on-suite 3/4 bathroom, double sinks, walk-in cedar floor closet, large 2nd bedroom with newer Anderson Windows, a bay window, skylights, loft/ office area and full bathroom. The tile countertop kitchen is equipped with modern stainless stove, microwave, and dishwasher. Two window mounted A/C units are included with the property along with a garage refrigerator. The property has an installed attic fan for evening cooling. Carpet throughout with tile kitchen and bathroom floors. The basement is partially finished as a family room/ teenager suite and has a large unfinished laundry room with washer, dryer and wash sink. Walking distance to Cherry Creek reservoir, dog park, horseback stables, numerous bike and walking trails, picnic areas, fishing and camping areas. Close proximity to Parker Road and Smokey Hill Road. Minutes to I-225 with access to light rail to DTC and 30 minutes to DIA. HOA includes large community swimming pool, trash removal and water as well as clubhouse (rentable for small fee). The community is well maintained and the exteriors were painted in 2022. Ample street parking and nearby shopping center. A must-see listing in South Aurora/Denver metro area.
Source: RECO #9452230
Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Have questions? Email support@withroam.com
Source: Public records
Source: RECO #9452230
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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