4666 Cornish Way, Denver, CO 80239
3 beds · 3 baths · 1,451 sqft
New Price! Updated 3BR, 3BATH duplex w/huge yard! Beautiful bamboo flooring throughout the main level, updated lighting, eat in kitchen with full Stainless Steel appliance package! Ground floor has a bath, laundry room (washer/dryer included), open floor plan, desk space and tons of storage. Living room even has a pellet stove for extra warmth on those chilly nights! New carpet on stairs and entire upper level. 3 good sized bedrooms upstairs and 2 full size bathrooms. Primary suite has new paint and walk-in closet. Out back you'll find one of the largest lots in the community complete with custom landscaping, fenced yard, garden space, shed, and a TREX deck with pergola! Rainwater containment system will easily serve your needs in both front and back yards via drip system. Property even has a leased solar system which slashes energy bills in the summer and winter! Central Air Conditioning, multiple ceiling fans, and an attic fan will keep you cool in the summer! Location can't be beat just minutes from shopping, restaurants, stores, multiple parks, schools, Library and fitness centers. Quick access to highways and DIA International Airport! See this one soon! This home qualifies for the community reinvestment act providing 1.75% of the loan amount as a credit towards buyer’s closing costs, pre-paids and discount points. Contact listing agent for more details!
Source: RECO #8152566
Financials
Source: RECO #8152566
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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