23838 E Alamo Pl, Aurora, CO 80016
5 beds · 4 baths · 3,328 sqft
These sellers are rolling out the welcome mat for you in this immaculate home in Sorrell Ranch, just a short stroll from Southlands. This 5 bed, 4 bath beauty sits on a corner lot and boasts smooth landscaping and a tandem 3-car garage — perfect for all your gear, plus maybe a few extra things - hello, home gym! Rich wood floors greet you as you enter a bright, open hallway with vaulted ceilings, setting the tone for the entire home. The main level includes a study — leading to a formal dining room, a half bath (always handy when you're entertaining), and a spacious open floor plan with an upgraded kitchen, dining area, and a relaxing family room. The kitchen is a chef’s dream with tons of cabinetry, sleek stainless appliances, a walk-in pantry, and a handy island — perfect for making a sandwich. Natural light floods in thanks to easy access to the covered patio and backyard, where you can entertain or simply relax. The upper level features an ample master suite, complete with a sizable 5-piece bath and a walk-in closet. Three more bedrooms, a 4-piece bath, and a convenient laundry room finish off this upstairs retreat. But wait, there’s more! The large basement is ready for your home theater, workout space, or the ultimate man cave, guest retreat or family fun zone. With a community pool just a block away and easy access to E470, this home is a rare find. This home isn’t just a place; it’s your next adventure. Come take a look before someone else realizes what a gem it is!
Source: RECO #1905750
All values shown are estimated costs / mo.
Source: Public records
Source: RECO #1905750
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
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