16658 E 106th Dr, Commerce City, CO 80022
5 beds · 4 baths · 4,931 sqft
Welcome to 16658 East 106th Drive, an exquisite residence nestled in the vibrant community of Commerce City, CO. This elegant home offers a harmonious blend of modern sophistication and timeless charm, boasting five spacious bedrooms and three and a half luxurious bathrooms, perfect for a variety of lifestyle needs. As you approach, you'll be captivated by the home's striking new modern exterior paint, an inviting prelude to the refined interiors within. Step inside to discover an open-concept living space, where natural light gracefully illuminates the thoughtfully designed interiors. The heart of the home features a gourmet kitchen, ideal for culinary enthusiasts, complete with sleek countertops and contemporary appliances. Retreat to the primary suite, a private oasis offering tranquility and comfort. The additional bedrooms provide ample space for rest and relaxation, while the versatile home office caters to the demands of modern living. Expand with your creativity with a an unfinished basement that is partially framed in for ease of transformation. Step outside to your personal sanctuary, where a beautifully crafted pergola creates an inviting space for alfresco dining or serene relaxation. Golf enthusiasts will delight in the professionally designed putting green, offering endless opportunities for leisure and practice. This stunning residence is a testament to modern elegance and offers a unique opportunity to experience a lifestyle of luxury and comfort. Make this exceptional home yours today and enjoy all that it has to offer. Too many upgrades to list and this you must see in person!
Source: RECO #9301559
Financials
Source: Public records
Source: RECO #9301559
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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