4721 Spine Rd Apt F # F, Boulder, CO 80301
2 beds · 1 baths · 845 sqft
Assumable FHA mortgage. Welcome to 4721 Spine Rd #F in Boulder's coveted Powderhorn Community, where turnkey living meets modern design. This fully updated 2-bed, 1-bath condo offers 845 sqft of thoughtfully crafted space, complete with unique custom upgrades totaling more than $65,000. Step into a brand-new kitchen, featuring a freshly unboxed chef's stove, sleek new cabinets with European open-frame styling, and a custom solid oak butcher block countertop. The newer fridge, dishwasher, and vinyl flooring complete the kitchen, which is enhanced by under-cabinet and in-shelf lighting. Everything has been done for you, including a brand-new washer and dryer. The primary bedroom boasts a custom closet system, while the stairs to the loft have been thoughtfully designed for optimal safety and ease of use. Enjoy the comfort of high-efficiency, UV-blocking windows, a new air conditioner, and a new water heater. The bathroom has been completely updated with hand-selected marble tile, a custom shower niche, a large mirror, new vanity, and an energy-efficient toilet.This home is loaded with unique storage solutions: a custom cabinet by the front door for shoes and mail, tall cabinets built into the fireplace enclosure, a loft office nook with built-in storage for books, printers, and more. The loft also features a custom slide-out shelf for all your camping gear, suitcases, or seasonal items, and there's even attic space for extra storage. Additional highlights include architect-designed steel railings, a custom fireplace mantle, and a built-in bookshelf niche with lighting, perfect for showcasing art or decor. Every inch of this home has been maximized for style, comfort, and function, with 40 new LED lights added throughout. It's all ready for you-just move in and enjoy the high-end finishes and thoughtful upgrades in your new home!
Source: RECO #IR1019894
Interest rate and monthly payment estimated based on public records.
Source: RECO #IR1019894
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: #IR1019894
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