16277 E Arkansas Dr, Aurora, CO 80017
3 beds · 2 baths · 1,320 sqft
Welcome to this beautifully updated, well-maintained home, centrally located for convenience and comfort. With a spacious tri-level layout and an open concept design, this home offers a seamless flow throughout. The kitchen boasts updated cabinets and countertops, perfect for any home chef. The living room features newer fabricated flooring, and the entire interior of the house has been painted over the past few years. The kitchen and living room are open to one another, creating a large main living area with direct access to the expansive backyard. Step outside to enjoy a beautiful deck, ideal for relaxing or entertaining, while the private backyard provides ample space for activities, gardening, and outdoor fun. The lower level of the home offers another cozy living room, newer flooring, a spacious bedroom, and a bathroom featuring a stand-up shower. This level is filled with natural light thanks to large windows, creating a bright and welcoming space. Upstairs, you'll find two additional bedrooms, including a generously sized primary suite with a walk-in closet. The full bathroom has been tastefully remodeled with elegant tilework and a luxurious jetted tub. Conveniently located just off the kitchen is an attached two-car garage with ample storage space. Numerous updates have been made to this home, including a new roof in 2016, a new AC system in 2019, an updated furnace in 2019, a radon mitigation system installed in 2020, new hot water heater in 2023, solar system, new garbage disposal and a new bathroom vanity in 2024. Seller is offering a $2500 credit to replace all the carpet in the home. Located near parks, biking trails, public transit, shopping, and with easy access to I-225, this home offers both comfort and convenience. You’ll love everything about living here!
Source: RECO #4546310
Financials
Source: RECO #4546310
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.
This publication is designed to provide information with regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.
The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.
PUBLISHER'S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.
METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.