25183 E 2ND AVE, Aurora, CO 80018
Discover your dream home in this charming traditional-style 2-story residence, where modern comforts meet timeless appeal. Step onto the inviting covered front porch, perfect for relaxing with a morning coffee on the swing. Inside, the bright open floor plan flows seamlessly, ideal for entertaining family and friends. The spacious kitchen, featuring a large island and double ovens is a culinary enthusiast's delight, complemented by a conveniently located pocket office for work-from-home flexibility. The home's beauty and functionality is upgraded with hardwood floors and plantation shutters. Retreat to the luxurious primary suite, complete with a spa-like 5-piece master bath and an expansive walk-in closet. With two additional bedrooms, a full bath, 3 linen closets and spacious laundry room, the upstairs will not disappoint. Need storage? The full sized unfinished basement and 3-car garage have you covered! Enjoy the benefits of a south-facing home that simplifies snow removal. Hang out in the beautifully landscaped backyard and enjoy a cool beverage under the covered patio with ceiling fan. It doesn't end here...the exterior home was painted in 2022, new roof and water heater in 2023 and some new flooring just installed upstairs. This exceptional home is move-in ready! Experience the perfect blend of comfort and style ~ schedule your tour today!
You may be able to put down less than the total down payment amount of $258,724 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: #9953308
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