3385 Olive St, Denver, CO 80207
4 beds · 2 baths · 1,720 sqft
Welcome to this stunning home in the sought-after Northeast Park Hill neighborhood! This home offers a fenced in front yard with low maintenance lawn care and a large driveway in the back that will store multiple vehicles. As you enter the front door you are greeted by an entryway that flows nicely into the dining and living room space. The kitchen features beautiful wood flooring, and granite countertops with lots of cabinet space for all your cooking needs. The windows flood the home with light making it feel light and airy. The main floor features two bedrooms and your bathroom with dual sinks and a tub to soak in. Head downstairs from the kitchen to your family room with enough space for a games and a living room space. The basement also has a door to seperate the main floor from the basement for privacy if you are interested in renting out the space in the basement. This space also transitions to your laundry room with plenty of space for all your laundry needs. Two additional bedrooms and a bathroom are close by, perfect for family or friend. Outdoor recreation is also nearby at the beautiful Central park or Martin Luther King Park. The A-line rail station (just 1 mile away) will take you to Union Station in downtown Denver within minutes or have guests come directly from DIA! This highly sought-after community is only blocks away from groceries, restaurants, gyms, and many more amenities that the City of Denver has to offer! ***Use our preferred lender and get additional lender incentives. Seller is a licensed real estate agent. Home does have a 2.375 assumable loan to qualified buyers! Contact listing agent for a possible showing before the weekend***
Source: RECO #9913296
Financials
Source: RECO #9913296
Source: Public records
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%. 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.
Other resourcesWhat 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.
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