1820 W Stoll Pl, Denver, CO 80221
3 beds · 1 baths · 1,050 sqft
Motivated Sellers! Ranch style, three bedroom, one bath home with water-wise front yard landscaping, awaits your visit. The living room with its natural light and beautiful hardwood flooring is the first of two spacious living spaces. the hardwood flooring flows through to the main and second bedroom. The stylish, modern kitchen with stainless steel appliances and granite counter tops also is embellished with decorative tin ceiling tiles, a tasteful backsplash, track lighting and a perfect eat-in table area. The full bath is complete with a proper tub/shower combo. The convenient laundry room just off the kitchen includes a washer and dryer and lots of ceiling cabinets for extra storage. A second living space is the generous sized family room with gorgeous laminate flooring and sliding glass doors which open to the back yard. The third bedroom is a bonus with double-door closet and shelving. Separated at the back of the house this room is perfect for guests or an at-home office. The fenced in back yard and patio is tastefully designed with beautiful seasonal plants. There is a shed for all your outdoor tools and equipment. The side yard is ready for urban farming with plant beds for herbs and veggies. New furnace and AC 2021, new bathroom fan 2022, Landscaping 2022-23, new bedroom and living room fans 2024, new interior paint 2024. Sellers have also added a smart thermostat and security cameras. This home in Chaffee Park is zoned for gentle density allowing the addition of an ADU. Enjoy Zuni Park within walking distance, a quiet neighborhood park, great view of the city and tons of amenities and walking trails. Easy access to I-70 and downtown. Please come take a look.
Source: RECO #7494832
Source: RECO #7494832
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: #7494832
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