4860 S PICADILLY CT, Aurora, CO 80015
Welcome to this charming home in the sought-after Copperleaf neighborhood. This home, featuring 4 bedrooms and 4 bathrooms across 2,423 square feet of living space, presents an ideal environment for those seeking comfort and convenience in a vibrant community. As you step inside, you're greeted by beautiful hardwood flooring that extends through the entryway and into the kitchen, enhancing both the beauty and functionality of the home. The main level also features a cozy living room with a gas fireplace, providing a perfect spot for relaxation. The kitchen is equipped with granite counter-tops, beautiful cabinetry, an island for additional workspace and an eating space perfect for meals. Upstairs, the home boasts three well-appointed bedrooms, including a primary suite with an over-sized walk-in closet and a 3/4 bathroom equipped with a dual vanity, ensuring a private space for relaxation. The full hallway bath also features a dual vanity and includes a large linen closet for additional storage. The fully finished basement expands the living space dramatically, featuring a rec area, an additional bedroom, a 3/4 bath, and even an additional washer and dryer. This space is perfect for guests or as a comfortable mother-in-law suite. Practicality is further emphasized with an extra tall garage door that accommodates larger vehicles, along with extra storage space within the garage. This home also features new exterior paint as of 2022 and a newly scheduled roof installation in 2024. Residents of the Copperleaf neighborhood enjoy access to a variety of amenities and community activities. Local schools, parks, shops, and dining options are just minutes away, providing all the conveniences needed for a comfortable lifestyle. **LENDER INCENTIVE! 1% TEMP RATE BUYDOWN FOR 1ST YEAR**REFI WITHIN 1ST 5 YEARS OF PURCHASE $1000 LENDER CREDIT & LENDER FEES WAIVED!** CALL ROBIN @ SLS LENDING FOR MORE INFO. 303-378-5973 OR EMAIL: Robin.McGlone@SelectLendingServices.com
You may be able to put down less than the total down payment amount of $295,150 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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: #7068350
This publication is designed to provide information with regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.
The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.
PUBLISHER'S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.
METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.