4768 Claude Ct, Denver, CO 80216
2 beds · 2 baths · 710 sqft sqft
Step into a piece of history with this charming turn-of-the-century stucco and brick half-duplex, featuring delightful Victorian elements, located in the emerging Elyria-Swansea neighborhood of Denver. This area is buzzing with revitalization, promising exciting developments like new commuter rail stations and extensive upgrades along I-70. Future plans include vibrant spaces for festivals, farmers' markets, sporting events, trade shows, and community classes, positioning this neighborhood as a hub of activity. You'll love being just a few blocks from the new light rail N line at the 48th/Brighton stop, making your commutes a breeze. A quick 1.5-mile walk brings you to Downtown, while trendy RiNo—one of Denver's most dynamic neighborhoods—is only about a mile away. Plus, the National Western Complex is nearby, hosting everything from the National Western Stock Show to year-round events at the Denver Coliseum, ensuring there's always something fun happening right around the corner. Surrounded by amenities, you’ll find a large community park to the east and the new I-70 Cover Park to the south, featuring an expansive soccer pitch and playgrounds for outdoor enjoyment. With grocery stores, shopping, and local restaurants just a short drive away, convenience is at your fingertips. This cozy home offers a fantastic opportunity for buyers who love a project! You can keep this 2/2 all to yourself or the layout could be split-unit living, with potential to transform it into a main plus Airbnb rental. The back section of the unit boasts its own private entrance, bonus room, bedroom, and bath—a perfect setup for a mother-in-law suite or an income-generating space if you choose to live in the front while renting out the back. Outside, the fenced backyard is primed for renovation, ready to become your personal outdoor oasis. This home is waiting for its new owner to bring it to life, and with the area's redevelopment heating up, so don’t wait!
Source: RECO #9213755
Interest rate and monthly payment estimated based on public records.
Source: RECO #9213755
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #9213755
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