16994 E CRESTLINE AVE, Centennial, CO 80015
This property has an assumable loan. Please reach out to the listing agent for more details. Nestled in a prime location within the Cherry Creek school district and various parks, this 2-story residence boasts a 2-car garage and an impressive array of amenities. As you step inside, the semi-open floor plan unfolds and leads you into a welcoming family room. Adjacent to this, a formal dining area sets the stage for gourmet meals and memorable gatherings. The heart of the home is the great room, featuring a cozy fireplace that invites relaxation and socialization. Culinary enthusiasts will delight in the kitchen, equipped with cherry cabinets, a stylish tile backsplash, stainless steel appliances, generous counter space, and a handy pantry for all your storage needs. Upstairs, the sizable primary bedroom is complete with a room for a sitting area, a walk-in closet, and an ensuite with a step-in shower. The home also includes three additional bedrooms, one of which is a non-conforming space in the finished walk-out basement that provides ample opportunity for personalization—perfect for a home office, gym, or media room. Outside, the deck and covered patio present tranquil spots for unwinding or entertaining amidst the backdrop of lush greenery. The large backyard is an ideal playground for outdoor activities, offering privacy and peace. This charming home is not just a place to live but a sanctuary designed for comfort and style. Experience its unique charm and make it your own. Perfect for anyone looking to combine suburban tranquility with convenient access to urban amenities! Don't miss it!
You may be able to put down less than the total down payment amount of $205,838 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #4964265
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