4875 Lowell Blvd, Denver, CO 80221
2 beds · 1 baths · 668 sqft sqft
Step into a world of quaint charm with this delightful 2-bedroom, 1-bathroom bungalow in the highly sought-after Berkeley neighborhood! This endearing home has been lovingly updated with fresh paint, new landscaping, and all new stainless steel appliances, offering a blend of classic appeal and modern convenience. The interior exudes warmth and character. The cozy living area invites relaxation, while the two charming bedrooms offer a peaceful retreat from the hustle and bustle of everyday life. The kitchen, thoughtfully designed for both function and style, features ample cabinet space and modern appliances. Adjacent to the kitchen, the dining area provides a perfect spot for intimate meals and gatherings with loved ones. Outside, the newly landscaped yard enhances the property’s quaint appeal, providing a picturesque and low-maintenance outdoor space. Imagine sipping your morning coffee on the porch or enjoying a serene evening in your beautifully refreshed backyard. 3 off-street parking spaces out back + ~200sqft of extra storage space in the basement area and large storage shed are the cherry on top of this Berkeley Bungalow! Situated in the heart of Berkeley with close proximity to Regis, Chaffee Park, and Sunnyside neighborhoods to name just a few, this home is surrounded by a friendly community and is conveniently close to local parks, dining, and shops. Embrace the charm and comfort of this enchanting bungalow and make it your own. Schedule a tour today to experience the unique allure of this quaint gem!
Source: RECO #8073596
Interest rate and monthly payment estimated based on public records.
Source: RECO #8073596
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: #8073596
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