3593 Akron St, Denver, CO 80238
3 beds · 3 baths · 1,712 sqft
********** Assumable FHA loan available at a very low interest rate, ask your agent and your lender for explanation on how this can work for you to save you on your monthly payment Welcome to this lovely paired home at 3593 Akron Street. This is such a fantastic location, tucked far enough into the neighborhood that you've got some peace and quiet but you're still just a few minutes from daily necessities. One of the extremely rare paired homes in the neighborhood with it's own private courtyard. This is your foot in the door into Central Park but you may just end up staying longer than you planned. Quick access to highways, shopping, lots of restaurants and parks and trails nearby. This really is a great location for someone wanting to be in the city but still have that quiet neighborhood feel. Great vibe of community with your neighbors and the courtyard is this amazing gathering place for folks to socialize. All bedrooms located on upper level with a loft area that works great for the AT HOME WORK people OR can be an extra storage or activity spot. Main level is bright and open with a modern kitchen, farmhouse sink, cabinets to the ceiling and ample storage. ******** SELLER offering 10k to BUYER to be applied to rate buy-down, payment of closing costs or new carpet install or any combination buyer chooses
Source: RECO #3359531
Interest rate and monthly payment estimated based on public records.
Source: RECO #3359531
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: #3359531
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