470 S Kingston Cir, Aurora, CO 80012
3 beds · 3 baths · 2,722 sqft sqft
Start your holiday shopping today. BEST BUY OF THE YEAR! Generous Seller is offering 2% CONCESSION towards closing costs and/or an INTEREST RATE BUY DOWN program. And then…you’ll be HOME FOR THE HOLIDAYS! This charming turnkey home has all the gathering room you’ll need to host family and friends, the quiet cozy spots to tuck away and recharge, and that level of care and home maintenance that keeps the focus on the fun. We’re talking about a really pretty and updated kitchen that bridges the dining and living spaces perfectly, keeping the chef and the guests cheerfully connected. Updates like the stacked stone accented fireplace with its decorative mantle or the BRAND-NEW CARPET in the quiet upper-level bedrooms and the big rec space in the garden level basement, call to the busiest of us all to take a break and rest. And you’ll be able to do just that because this careful seller conscientiously maintained this home. The new refrigerator and dishwasher, new furnace, A/C, water heater in 2022, plus the new Class 4 Impact Resistant roof in 2019, the electrical panel replacement, the fresh exterior paint, and new siding installed a few years ago leave very few update projects left. With all that free time you’ll save from home chores, and the easy commutes to Anschutz, DIA, and the DTC, you’ll be glad to have a large all season landscaped yard that has a carpet of thick lawn, oodles of low water perennials that come up carefree every spring and then roll into summer and fall with bursts of color and whimsy. Come winter, the garden quietly settles in but offers strong architectural elements that make the snowscapes just as pretty. And if you want to just get out a bit, you’re just around the corner from EXPO PARK and REC CENTER with its tennis courts, ball fields, expanse of winding trails and big mountain views, and even a disc golf course. Good Gracious! With a home like this you'll feast indeed!
Source: RECO #9123926
Interest rate and monthly payment estimated based on public records.
Source: RECO #9123926
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: #9123926
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