VA loan
1 of 26
VA loan
$310,000

17273 E Ford Dr, Aurora, CO 80017

2 beds · 2 baths · 904 sqft sqft

Welcome to this turn key townhome featuring an open floor plan and two primary suites! Each generously sized bedroom comes with its' own balcony! This home has been thoughtfully upgraded with LVP flooring throughout and modernized primary bathrooms with brand new vanities, countertops, light fixtures, mirrors, and flooring. The kitchen is equipped with all new stainless steel appliances and new granite countertops, perfect for cooking and entertaining. Just off the kitchen you will have your dining space followed by the living room area with the gas fireplace and slider leading to the private fenced back patio area. New ceiling fans and light fixtures round out the main floor. Additional updates include a NEW FURNACE AND CENTRAL AIR - year round comfort with peace of mind! With parking included, you will never have to worry about finding a spot when you come home. Located just minutes from Buckley Space Force Base, this townhouse offers a prime location for military personnel. Grocery shopping and retail options are just a short distance away, right across the street. Do not miss out on this fantastic opportunity to own at Copper Ridge, you will find the perfect blend of modern, convenience, and comfort – schedule your private tour today!

Interest rate 3
5.75%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$710
With Roam
$751
Reduce your monthly payments by $40 when you assume this mortgage.
You also save $4,845 in total interest paid.

$245,678
Edit

You may be able to put down less than the total down payment amount of $245,678 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Lot size
0.02 acres
Year built
1999
Type
Townhouse

Source: RECO #2354400

Loan
Remaining term
9 years, 11 months
Rate
5.75%
Monthly P&I
$710
Remaining loan balance
$64,321

Source: Public records

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?

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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?

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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?

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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?

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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?

expand content

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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Last updated: Nov 14, 2024 09:02 pm
Listing agent: Leslie Maginn (720) 474-5891
Listing provided courtesy of: West and Main Homes Inc (303) 935-8787
Details provided by RECO and may not match the public record.
MLS ID: #2354400
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Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$710/mo
View details