22066 E Pennwood Cir, Centennial, CO 80015
4 beds · 4 baths · 3,510 sqft sqft
***ASSUMABLE VA LOAN AT 3.75% FOR QUALIFIED BUYERS*** This modern 4-bedroom, 4-bathroom single-family home is located in the desirable Copperleaf community in Centennial, CO. This spacious home offers over 3,500 sq ft of living space, perfect for modern family living. The open-concept layout connects the living room, dining room, and a gourmet kitchen with granite countertops, stainless steel appliances, and a large island. Step outside to the covered back deck and enjoy stunning views of trails and open space—ideal for outdoor dining and entertaining. Recent upgrades include a new roof (2020), new carpet, and a new water heater, making this home move-in ready. The luxurious master suite features a walk-in closet and a spa-like bathroom with a soaking tub, dual vanities, and a separate shower. The finished basement adds valuable living space, with an additional bedroom, full bathroom, and family room, perfect for a media room or guest suite. Smart home features like smart locks, smart cameras, and a video doorbell provide modern security and convenience. Located in the top-rated Cherry Creek School District, this home offers access to Copperleaf's amenities, including a community pool, clubhouse, and playground. Enjoy outdoor activities with nearby walking trails and parks, or take advantage of the easy access to major highways, Denver International Airport, and Anschutz Medical Campus. With a recent price reduction to $649,000, this home is competitively priced to sell fast in a hot real estate market. Don’t miss out on this amazing opportunity—schedule your showing today!
Source: RECO #6648875
Interest rate and monthly payment estimated based on public records.
Source: RECO #6648875
Source: Public records
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: #6648875
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