VA loan
1 of 14
VA loan
$1,025,000

343 Elati St, Denver, CO 80223

4 beds · 3 baths · 2,214 sqft sqft

OPEN HOUSE SATURDAY, OCTOBER 19TH 1-3PM***Imagine living in one of Denver's most sought-after neighborhoods, where charm meets modern luxury. This stunning home has been completely remodeled, with every detail thoughtfully curated to perfection. From the high ceilings and sleek, open-concept layout designed for seamless entertaining, to the chef's kitchen featuring custom 42-inch cabinets, a large island with quartz countertops, and an inviting eat-in area, every corner invites you to create unforgettable memories. The main floor boasts a spacious great room with a cozy gas fireplace, a stylish kitchen, an office, a convenient half bath, and a beautifully appointed wet bar, perfect for serving drinks when entertaining guests. Upstairs, the primary suite brings comfort and elegance together, creating a private haven you'll love coming home to. Relax and unwind in your spa-like bathroom, a serene retreat with an oversized walk-in shower, large soaking tub, and double vanity with quartz countertops that provide a true escape from the everyday. Three additional bedrooms and a full bath complete this level. The home also includes an unfinished basement, offering endless possibilities to expand your living space or utilize it for extra storage. The two-car detached garage provides convenient parking and storage options. Location is everything, and this home couldn’t be better placed. Just steps away from the vibrant Art District, you'll find yourself surrounded by art galleries, boutique shopping, and some of Denver’s best dining spots—all within a few minutes' walk. This home perfectly blends urban convenience with a peaceful retreat while natural light fills every room, inviting warmth and comfort into your everyday life. Whether you're working from home in the versatile den area or relaxing in the luxurious primary suite, this home is designed to meet your every need. WELCOME HOME!

Interest rate 3
3%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$4,744
With Roam
$6,696
Reduce your monthly payments by $1,952 when you assume this mortgage.
You also save $638,464 in total interest paid.

Contact us for pricing details on this listing

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Size
2,214 sqft
Lot size
0.11 acres
Year built
1887
Type
Single Family Residence

Source: RECO #8795699

Loan
Remaining term
27 years, 3 months
Rate
3%
Monthly P&I
$4,744
Remaining loan balance
$1,058,958

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

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.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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?

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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?

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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.

Will an assumption work for me?

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An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.

Why do buyers use Roam?

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Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.

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Last updated: Oct 17, 2024 06:18 pm
Listing agent: EMPOWERHOME Team
Listing provided courtesy of: Keller Williams DTC (303) 771-7500
Details provided by RECO and may not match the public record.
MLS ID: #8795699
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Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 45 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$4,744/mo
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