4546 S Logan St, Englewood, CO 80113
3 beds · 2 baths · 2,184 sqft
PRICE REDUCED $75K AND INCLUDES ADJOINING BUILDING LOT. Options and opportunities abound in this exceptional offering in South Broadway Heights. Built in 1947 this well kept 3 bedroom two bath ranch offers endless possibilities. Step back in time and experience the timeless charm of this 1947-built ranch home, where original details meet modern potential. Featuring beautiful wood floors throughout, classic pocket doors and a quaint telephone niche, this home retains its historic character while offering the space and functionality needed for today’s lifestyle. The coved ceilings and original doors in pristine condition with clear glass door knobs harken back to a simpler time. The kitchen is bright and cheerful with 42-inch white cabinetry, providing ample storage, paired with stylish vinyl flooring that boasts a sleek travertine look along with crisp white plantation shutters. The main floor features two generously sized bedrooms, each offering comfort and versatility and an updated bath with walk in tub. The lower level includes a private basement apartment with its own entrance, a kitchen, non-conforming bedroom and a family room with egress window perfect for an in-law suite, rental income, or multi-generational living. With a bit of creativity this space could be transformed to suit your unique needs. Nestled on a double lot, there’s plenty of room to build, expand, or simply enjoy the space. A 25x50 dedicated dog run with artificial turf makes this home pet-friendly. Memories will be made on the new patio complete with options for hanging curtains for privacy. A newly poured driveway and spacious 2-car garage adds even more convenience. This property comprises of a double lot (12,153 sq ft) that lends itself for future expansion, an ADU or a Custom Build. Located in a desirable neighborhood with easy access to local amenities, this home offers an exciting blend of history, space, and potential. Don’t miss your chance to make it yours!
Source: RECO #6028279
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: RECO #6028279
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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PUBLISHER'S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.
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