22731 HOPEWELL AVE, Parker, CO 80138
Welcome to this Open and Bright Ranch with 5 bedrooms, 3 full bath home with a welcoming and open floor plan with 9ft ceilings throughout the main level, with 10 ft ceilings in the living room; wood floors throughout the main level. The see-through fireplace is visible from the living room, dining room and kitchen. Corian Counters in kitchen and granite in bathroom. On the main level you will find the spacious primary suite with a seating area in the bay window. Relax in the primary bath in either the soaking tub or the separate shower. The walk-in closet off of the bathroom is spacious enough for two. Also on the main level are two additional bedrooms and a full bathroom. Move right in, as all appliances are included and most furnishings can be included as well. Step outside from the dinette to enjoy the concrete patio, which looks out on trees in a very private setting which is great for the hot tub. The level yard features an irrigation system, making outdoor maintenance a breeze. Back yard is completely fenced for additional security. The basement will be the fun center for the whole family with a Large 7 seat movie room with Large Screen and projector, the slate pool table, foosball. The two additional bedrooms downstairs are HUGE and the bathroom downstairs has heated tile floors, a fantastic soaker tub and large shower. Use the additional area in the basement for an office or additional living room for the kids or family. The home has been well-maintained and features a newer air conditioning unit in 2021, built-in microwave in 2022, dishwasher new in 2023. Plenty of storage plus ceiling racks in the garage and two storage rooms in the basement—shelving to be included. Close to walking/bike trails. One blocks to Cimarron Middle school and walking distance to Legend HS. Most items in home are also for sale to the new owner at super prices.
You may be able to put down less than the total down payment amount of $338,638 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: #2996732
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