4025 S Fundy Way, Aurora, CO 80013
4 beds · 2 baths · 1,675 sqft
This beautifully updated, move-in-ready bi-level home offers the perfect balance of modern upgrades and timeless charm. With four bedrooms and an open floor plan, it provides both comfort and functionality. Natural sunlight fills the space, highlighting the thoughtful renovations throughout. Two spacious living areas and a separate dining nook create inviting spaces for relaxation and entertaining. The deck overlooks a large, private backyard, perfect for outdoor enjoyment. Recent upgrades include a new central air system with upgraded ducts and a smart thermostat, ensuring year-round comfort. The kitchen has been modernized with new appliances, cabinets, countertops, and a stylish backsplash. Bathrooms have been tastefully renovated with updated tile flooring, vanities, and lighting, while the lower level has a new walk-in shower. New LVP flooring has been installed throughout the home, complementing the fresh paint that enhances its bright and welcoming atmosphere. The property also boasts smart home features such as a digital key-access front door and an insulated garage door with keypad entry. Practical improvements include a new water heater, updated sewer piping, and landscaping with small decorative rocks around the front of the house and placed larger rocks in the backyard. Nestled in a desirable neighborhood within the Cherry Creek School District, this home offers access to excellent schools, nearby parks, and a variety of shopping and dining options, including Southlands Mall. With easy access to E-470, commuting is a breeze. Move in and enjoy a home where every detail has been thoughtfully considered for modern living.
Source: RECO #8365987
Source: RECO #8365987
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 “Save search” 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 620, 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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