1499 E Panama Dr, Centennial, CO 80121
4 beds · 4 baths · 3,340 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This is the one you’ve been searching for! Come see what home feels like. Hidden in the heart of Centennial, close access to jogging the HighLine Canal, enjoying deKoevend Park, summers at Ben Franklin pool, entertainment at The Streets of SouthGlenn, this 4+ bedroom home has been completely remodeled with NEW (09/2024) REAL hardwood floors, new kitchen and appliances, 4 updated bathrooms, new(2024) boiler system. Three living spaces, woodburning fireplace, large kitchen with dining room that comfortably serves 12 people on the main level; finished basement and 4 bedrooms upstairs, with a grand enclosed backyard, AND 4 car garage means this house will sell fast! Whether you are from Colorado or planning on moving here, you must be aware of the lack of humidity! Take advantage of a unique home which offers energy efficient evaporator cooler and boiler system, not only are you saving on cost, but keeping a cleaner environment and much needed moisture makes you feel right at home. Close to schools, shopping, entertainment and more! Quick drive/bike ride to Whole Foods, Trader Joes, DTC and easy access to anywhere in the Denver area, within 90 minutes to Summit County, yet snug away in a well-established neighborhood with a cozy vibe, this home is currently operating as a 5-star vacation rental, reviewed "one of the quietest places in the Denver area vrbo.com/3158352"-jump on your opportunity to enjoy a peaceful life on Panama Drive. All furnishings are being sold separately in an estate sale to follow contract on the home. Completely remodeled in 2024 by Capitol Construction. **Jimmy Everett from Everett’s Lending is offering $10,000 seller concessions to the buyer if the buyers uses Everett’s Lending for the purchase of this home and the concessions can be used for a 1 year temporary buy down and/or closing costs**
Source: RECO #3732196
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: RECO #3732196
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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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