176 W Maple Ave, Denver, CO 80223
3 beds · 2 baths · 1,495 sqft
2.75% FHA loan assumable, loan amount is $444,000! Welcome to 176 W Maple Ave, Denver, CO—an updated Victorian gem in the heart of Baker with a spacious 2-car garage! This exquisite home offers the perfect blend of historic charm and modern updates. Boasting new interior and exterior paint, the house gleams with beautiful hardwood floors throughout, providing a warm and inviting atmosphere. The owners have done significant work to include a brand new electric panel, new kitchen, New HVAC, new wiring, new fireplace mantel, and landscaping. The oversized 2-car garage provides ample space for vehicles and storage. The two patios—one covered and one open—offer ideal settings for enjoying the beautiful Colorado summer evenings. The furnace and central A/C, both replaced in 2024, ensure comfort and efficiency all year round. Step into the well-appointed kitchen featuring a large pantry, butcher block countertops, a gas range, refrigerator, microwave oven, and dishwasher. This space is perfect for culinary adventures and gatherings. The master bedroom is a serene retreat with a charming "Juliette" balcony that overlooks the backyard, adding a touch of romance to your mornings and evenings. Additional storage options are abundant, with a spacious cellar and ample room in the garage rafters. Commuting to downtown Denver is a breeze with the convenient light rail access nearby. This home is situated in a highly walkable neighborhood, allowing you to easily explore and enjoy all the vibrant restaurants, bars, shops, and live music venues on Broadway. Built in 1890, this single-family Victorian home offers 1842 sq ft of living space, featuring 3 bedrooms and 2 bathrooms. Embrace the opportunity to own a piece of Denver's history while enjoying modern comforts and a prime location. This updated Victorian in Baker is more than just a house—it's a place to call home.
Source: RECO #2488444
Source: RECO #2488444
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: #2488444
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