3061 S Mabry Ct, Denver, CO 80236
5 beds · 2 baths · 2,230 sqft
Rare opportunity to purchase a home with 2.3% interest rate. Assume this VA loan with Roam and save thousands annually. In the heart of Harvey Park, this is a 5 bedroom, 2 bath home you won't want to miss! This may be one of Denver's most promising neighborhoods, located just southwest of downtown with Mountain Views. Here, you will find a very well-maintained brick property located on a corner lot within walking distance of an excellent school system, including Sabin World Elementary, and a quiet neighborhood. Once in the front door you will find plenty of natural light cascading into the living room from the large windows. To your left, you will see three bedrooms and a full bathroom on the main floor. As you head deeper into the home, you will find the perfect area for dining next to the kitchen, which has been fully updated with a double oven and a movable custom-built kitchen island. On the lower level, there is currently a media room that is a great extra space to make your own. This lower level also includes two bedrooms, a full bathroom, a laundry room, and additional storage space. The utility closet includes a newer furnace, a/c, and hot water heater. Entering the backyard, you will have your own private piece of paradise while taking in your Mount Views. Surrounded by mature trees, this yard is perfect for entertaining. With spring and summer around the corner you will be able to enjoy a large covered patio, garden, and plenty of open space. Swing on by to see how you can make this house home sweet home.
Source: RECO #1615186
Interest rate and monthly payment estimated based on public records.
Source: RECO #1615186
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: #1615186
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