16873 Boreas Ct, Parker, CO 80134
5 beds · 4 baths · 4,411 sqft
As you enter this home beautiful hardwood floors continue through most of the main floor, and a bright office with double glass paned doors is off the foyer. A formal dining room and updated gourmet kitchen, large nook and counter island creates a large and welcoming gathering area. Granite countertops, an induction cooktop with downdraft exhaust, newer high end Profile appliances, and a large pantry are a chef’s dream. Large windows brighte the living area which has surround sound media, a circulating gas fireplace and built-ins. The MAIN FLOOR PRIMARY SUITE has hardwood floors, a 5-piece ensuite bath, granite counters, an ACCESSIBLE ZERO ENTRY SHOWER, and TWO walk-in closets. A beautifully finished hardwood staircase, with wrought iron and wood banisters leads to a balcony and three upstairs bedrooms ALL WITH WALK-IN CLOSETS and one a private entry to the full bath. The lower-level game/media room, wet bar and entertainment area has an electric fireplace, surround sound and comes with an additional bedroom, walk-in closet and its own bathroom. A rubber floored unfinished area doubles as an exercise room or storage with many sturdy racks that come with the home. The finished and heated garage with epoxy flooring, overhead racks and plentiful storage is a car enthusiast's dream. The gas plumbed grill, fire pit, deck and pergola, as well as a variety of many large mature pine trees in the backyard provides privacy and a mountain feel. An electric awning and door/window screening make it efficient. A new roof with high-impact shingles, Leafguard gutters, all new windows, fresh paint and new garage doors grace the outside. Located on a cul-de-sac with a greenbelt it’s almost traffic free. A short walk away a lap pool, children's pool, tennis court and playground round out this beautiful neighborhood. The vibrant Main Street of Parker has plentiful shops and restaurants and Douglas County Schools ranked as the top-scoring in the Denver/Metro area in 23/24.
Source: RECO #8771212
Financials
Source: RECO #8771212
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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