4761 S Flat Rock Ct, Aurora, CO 80016
3 beds · 3 baths · 1,620 sqft
You won’t want to miss the opportunity to own this three bedroom three bathroom home in the desirable Tollgate Crossing neighborhood. **The preferred lender for this listing is providing a free 1-0 temporary rate buy down for qualified buyers to reduce their interest rate on this property! This concession is exclusive to this property only. Please inquire for further information.** Attention to detail and pride of ownership really shine through in this home. Walk in and be greeted by the spacious living room complete with hardwood floors, perfect for entertaining. The kitchen offers 42” upper cabinets, laminate countertops and enclosed pantry. The formal dining room, laundry room and ½ bath complete the main level. The entertaining possibilities continue as you make your way upstairs to the large loft space. Two large bedrooms, full bathroom, and spacious primary suite with full en-suite round out the upper floor. The unfinished basement provides the opportunity for your customization! A full home humidifier, new hail resistant roof, new furnace, and full security system are just a few of the upgrades this home offers, but the best being the completely paid off solar panel system! What’s better than having a low energy bill all year long?! Just 20 minutes to DIA, 20 minutes to the Denver Tech Center, and 30 minutes to Downtown Denver, your morning commute is a breeze. Adding to the convenience are Safeway, Sam’s Club, AMC Southlands, Home Depot, PF Changs, Ulta, and many more retailers all within 10 minutes of the home!
Source: RECO #9562938
Interest rate and monthly payment estimated based on public records.
Source: RECO #9562938
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: #9562938
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