2090 S Galapago St, Denver, CO 80223
2 beds · 4 baths · 2,057 sqft
***SELLER is now offering for the Buyer to Assume their VA loan at a 2.75% interest rate!! This is the DEAL OF THE YEAR!!*** Introducing 2090 S Galapago St, the BEST VALUE in Central Denver!! Walk to Table Public House Coffee and Restaurant, South Platte River Trail, Brutal Poodle, Corvus Coffee House, Overland Golf Course, Evans Light Rail Station and check out the city’s plans for a new 20 million dollar pedestrian bridge connecting Overland Golf Course and South Broadway!! This light filled end-unit townhome features OVER 2,000 Sq Ft of finished living space and includes rare amenities rarely found in other townhomes at this price point. You will be blown away by the amount of natural light throughout. The centerpiece of the home is the chef's kitchen, boasting upgraded cabinetry, stainless appliances, a vast quartz island ideal for entertaining alongside an oversized pantry. Heading to the top floor, two expansive bedrooms await, each with walk-in closets and en-suite baths. Beyond these impressive features lies a unique flex space complete with a full second kitchen, full bathroom, and a second washer-dryer hook-up. Rounding out this home tour, you'll find a coveted walk-in laundry room, ample storage, and a two-car garage. It truly has everything!! ***$4,500 LENDER CREDIT AVAILABLE towards rate buydown and/or closing costs when using our preferred lender, Stephanie Bohr at Spire Financial***
Source: RECO #3738924
Source: RECO #3738924
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: #3738924
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