16641 E Ithaca Pl, Aurora, CO 80013
3 beds · 2 baths · 1,781 sqft sqft
Great Home with an even better Price! This charming home boasts a distinctive blend of industrial and rustic design elements. The modern, well-organized kitchen impresses with upgraded stainless steel appliances, a double-basin steel sink with an industrial faucet, stainless steel shelves and countertops, and a functional stainless steel island. The overall design seamlessly combines contemporary stainless steel features with rustic wooden accents, creating a cohesive and functional cooking space that is both practical and stylish. The unique design continues throughout, with spacious and bright rooms, complemented by a finished basement that provides additional living space, perfect for a home office, entertainment area, or guest suite. . The primary bedroom features a walk-in closet, while the garden-level lower bedroom ensures plenty of daylight. The property also boasts immaculate front and back yards with several unique features, including a garden area, a dog run, a rear shed, and a cozy back porch with seating. The back porch is perfectly designed to provide a peaceful space for entertaining or relaxing after a long day, all while being situated for privacy. Additionally, the garage is a handy person's dream, complete with insulation, 220V outlets, shelving, and set up for heating and air conditioning, making it an ideal workspace for various projects. This house offers an abundance of incredible features INCLUDING updated windows, sliding door, updated roof, black gutters, updated exterior paint, and an updated garage door! Make it your home today!
Source: RECO #8346309
Interest rate and monthly payment estimated based on public records.
Source: RECO #8346309
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #8346309
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