25242 E Indore Dr, Aurora, CO 80016
3 beds · 4 baths · sqft sqft
TALLYN'S REACH! **$5,000 TOWARDS CLOSING COSTS** FINISHED WALK OUT BASEMENT!! GORGEOUS MOUNTAIN VIEWS!!! Mature landscaping, original owners have meticulously maintained and updated this 3 bedroom with loft and 4 bath home! The main floor has lots of room for entertaining with the 2-story formal living room at the front of the home. Flowing through to the formal dining room that looks out to the backyard, open kitchen, breakfast nook and family room with gas fireplace. Main floor mud room and powder bathroom. Upstairs is an awesome open loft area great for home office space, 2 secondary bedrooms with a hallway full bathroom. The primary suite overlooks the backyard, vaulted ceilings, ceiling fan, en-suite 5 piece bathroom with soaking tub, walk in closet!! FINISHED walk-out basement includes a 3/4 bathroom with heated floors, large bonus room, kitchenette area with fridge and microwave, awesome place to enjoy and relax!! **newer 2021 furnace and AC unit! **1-year home warranty included!!** New deck - updated retaining walls in backyard - new interior paint - new primary bathroom shower - quartz countertops - dimmer lights - 10 year old roof - appliances updated in 2020 - backyard shed included - garage finished, heated and added lighting - basement finished using steel studs - 2 storage areas in basement - additional radiant heating in the basement for added comfort - basement patio was built to hold an extended deck if you wish to expand the deck!! Enjoy a 25 minute drive to Denver International Airport, 30 min to Denver Tech Center, 45 minutes to Downtown Denver, 5 minutes to Southlands Mall!!! Tallyn's Reach community amenities parks, trails, clubhouse, pool!!!
Source: RECO #7700131
Interest rate and monthly payment estimated based on public records.
Source: RECO #7700131
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: #7700131
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