2545 Pierce St, Lakewood, CO 80214
3 beds · 2 baths · 1,585 sqft sqft
Welcome to 2545 Pierce Street, a stunning 3-bedroom, 2-bath brick ranch in the highly desirable Edgewood neighborhood, where Lakewood meets the vibrant communities of Edgewater, Wheat Ridge, and Sloans Lake. This beautifully updated home offers a perfect blend of modern convenience and classic charm, all on one level for easy living. Step inside to discover a light-filled living room with vaulted ceilings and beautiful oak hardwood floors that add a warm and inviting touch. The open floor plan flows seamlessly into the updated kitchen, featuring new cabinets, sleek quartz countertops, a stylish backsplash, and modern stainless-steel appliances—perfect for any home chef. The home also includes a dedicated office/flex space, ideal for remote work or as a creative studio. Both bathrooms are updated, offering comfort and style. The additional living spaces are versatile, making them perfect for entertaining guests, setting up a home gym, or creating a cozy media room. The large, fenced backyard is an entertainer's dream, with plenty of room to create your own outdoor oasis. The covered patio and spacious deck provide the perfect setting for summer barbecues or relaxing evenings under the stars. For added convenience, this home includes an oversized two-car garage with a loft area for additional storage, plus RV/boat parking. This home is located near top dining spots like West 29th Restaurant and Sloans Tap & Burger, and just minutes from the recreational joys of Sloans Lake and Edgewater Marketplace. With easy access to downtown, major highways, and public transit, it’s the perfect balance of suburban tranquility and city convenience. *Property is being sold partially furnished
Source: RECO #3580665
Interest rate and monthly payment estimated based on public records.
Source: RECO #3580665
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: #3580665
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