14700 E 104th Ave # 2605, Commerce City, CO 80022
2 beds · 3 baths · 1,356 sqft
PRICE DROP!! Don’t miss this beautifully maintained 2-bedroom, 3-bathroom condo in Reunion! Boasting an open-layout, a breakfast bar, and a fireplace to get cozy in the winter! Each bedroom includes a private en-suite bathroom and ample closet space. Guest powder room off the hallway. Laundry area inside unit, with a full-sized washer and dryer included. Plenty of natural light and charm fill the entire space, it’s a must-see!! Google Nest Thermostat, Eco-friendly, reduces electricity costs. Central location near Reunion, shopping, restaurants, retail, parks, Rec Centers, and Buffalo Run Golf Course. Commuting is a breeze with access to bus lines, highways, and just a short drive to Downtown and to Denver Airport. ***This lovely home is eligible for an assumable mortgage loan!! Rare and incredible opportunity for buyer to obtain a lower interest rate using an assumable mortgage, offering potential to save thousands every year! Contact the listing agent for info.. Schedule your showing today!! FHA and VA financing approved community!
Source: RECO #9309540
Financials
Source: RECO #9309540
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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