1820 W STOLL PL, Denver, CO 80221
Motivated Sellers! A $3,700 credit is being offered for a 1/0 buy down or to go toward Buyer's closing costs. 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. 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.
You may be able to put down less than the total down payment amount of $210,151 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: #7494832
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