27568 E Ottawa Ave, Aurora, CO 80016
3 beds · 3 baths · 1,937 sqft
Light, bright and backing to a greenbelt! Welcome to this wonderful home in Southshore! This nearly new home has all the upgrades one can want. The main floor features LVT flooring throughout, 10' ceilings, and one of the most popular floor plans. The kitchen has 42" dark maple cabinets, slab quartz counters, stainless double ovens/microwave, dishwasher, gas cooktop and refrigerator. There is a kitchen island with a sink, hands free faucet, reverse osmosis system and pendant lights. The kitchen has a nice size eating space and is adjacent to the great room. The great room is spacious and features a gas fireplace with a fan, tile surround, a mantle with a tv mount above and a pass-through to conceal your entertainment wiring. There is also a half bath on the main floor with a pedestal sink. Upstairs you will find the primary suite with a coffered ceiling, 5-piece bath, slab quartz counters, tile floors, and a walk-in closet. There are two more bedrooms upstairs, another full bath with quartz counters and tile floors, and a full size laundry room that includes the washer and dryer and pedestals they sit on. The basement is open and ready for your finishes to make it your own. The back yard is easily accessed from the kitchen sliding door where you can relax and enjoy not having any neighbors directly behind you! This home also has solar panels that the new homeowner will assume the loan on, eliminating the electric bill for only $138 per month, saving you money each and every month. Last month's gas bill was $28! There is also a tankless water heater, ecobe thermostat, and shed. Make this fantastic home yours!
Source: RECO #3280383
Interest rate and monthly payment estimated based on public records.
Source: RECO #3280383
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: #3280383
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