2894 S Jay St, Denver, CO 80227
4 beds · 4 baths · 2,524 sqft
Fully renovated, move-in ready 4-bed, 4-bath home on a sprawling corner lot with a 3-car tandem garage. Fully remodeled in 2023, the modern eat-in kitchen is equipped with Shaker style cabinets, a generous island topped with quartz countertops, seating, sleek stainless-steel appliances, skylight, and built -in pantry. Inviting open-concept layout with gleaming hardwood floors (2023) and a charming shiplap accent wall in the main floor great room. The hardwood flooring continues to the upper level where you will find three large bedrooms with custom closet organization and a beautiful hall bathroom with travertine tile, granite countertop, and tub/shower combination, and skylight. One of these bedrooms offers an en suite bathroom with all the same lavish upgrades! The lower levels have been updated with new carpet. The largest bedroom nestles quietly on the lowest level, offering a private retreat with large walk-in closet and en suite bath with travertine tile flooring, granite countertop, and dual sinks. With a little imagination and some easy modifications, this lower level could be an income suite for a investment-minded buyer. Enjoy cozy evenings by the gas fireplace in the large lower family room, or host gatherings on the partially enclosed large patio, perfect for outdoor entertaining. The large mud room area just inside the garage, offers a wonderful transition and organization for all seasons. Situated on a large corner lot, the property features expansive side yards ideal for gardening or outdoor fun. The 3-car tandem garage offers plenty of storage and parking space, while an attached garden shed provides extra utility. New roof, gutters, and water heater in 2023 and Anderson windows and doors in 2015. Walking distance to schools, Bear Valley Park, Creek, and trails. Minutes from shops, restaurants, , and more! Don’t miss the chance to make this delightful property yours! Custom Website: https://www.tourbuzz.net/public/vtour/display/2313954#!/
Source: RECO #6588288
All values shown are estimated costs / mo.
Source: Public records
Source: RECO #6588288
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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