296 N Newcastle Way, Aurora, CO 80018
3 beds · 3 baths · 2,052 sqft
Don't miss the opportunity to call this gorgeous corner lot home your sweet home! Located in the beautiful Adonea Neighbourhood! This beautiful stucco, vinyl/wood siding 2020 construction is in an ideal location with open space/green belt with a neighbourhood park and walking trails across the street. This home offers a 3 car attached garage, 3 bedrooms, 3 baths, and a full unfinished basement for additional living space. The main level offers a very open floor plan with an abundance of windows for natural lighting, huge center kitchen island, an abundance of 42" cupboards and counter space, gas stove, with granite counter tops, huge 8' x 3' pantry, stainless steel kitchen appliances, mudroom from the garage with sitting bench, with an adjacent living room with soffit ceilings, many windows, vinyl flooring, main floor 1/2 bathroom with a main floor study. The upper level has a large master suite with a large walk-in shower with seating, large 10' x 6' walk-in closet, and a ceiling fan. The great room/media room is on the upper level with soffit ceilings, with an additional 2 bedrooms, full bathroom and a large upper 13' x 7' laundry room. This home offers a full unfinished basement with 9' ceilings for future expansion. This home has a large backyard which is fully fenced. This neighbourhood does offer parks, clubhouse, pool and walking trails. There are several neighbourhood parks within a few blocks of this home with playground equipment and open playing areas. Located in a rapidly developing location, don't miss this opportunity to call this gorgeous property home! This home offers a convenience location wise, has easy access to many major highways (E-470 and I-70), DIA, Buckley Air Force Base, Southland Mall, Downtown Denver and etc. Don’t miss this great opportunity!
Source: RECO #1675180
Interest rate and monthly payment estimated based on public records.
Source: RECO #1675180
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: #1675180
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