4956 S Gibraltar Way, Centennial, CO 80015
4 beds · 2 baths · 1,787 sqft
This is a rare opportunity to purchase a home with a 2.75% interest rate. Buy with Roam and save thousands monthly. Welcome home to this beautiful four bedroom, two bathroom home in Fox Hill! Many honey-do's have already been honey-done including fresh exterior and interior paint and a new furnace! The living room offers beautiful hardwood flooring, a ceiling fan, plenty of space, ample amounts of natural light and easy access to anywhere in the home, perfect for hosting gatherings with friends and family. The gourmet, eat-in kitchen is every chef's dream and offers tile flooring, spacious countertops and plenty of cabinetry. All stainless steel appliances are included with the home...talk about move in ready! The primary bedroom truly feels like an oasis and offers brand new flooring, a ceiling fan, plenty of room for any furniture design layout you can imagine, a spacious closet and a private en-suite bathroom! A second bedroom is found on the main level, centrally located. Head downstairs where you will be greeted by a family room featuring hardwood flooring, a ceiling fan and plenty of natural light, great for entertaining! Two additional bedrooms are found downstairs, allowing for plenty of room to grow! The backyard oasis is truly a dream and offers a spacious deck, easily accessible from inside, as well as a patio, perfect for outdoor living! The many surrounding trees allow the area to feel private and secluded. Enjoy the spacious grass area, great for kids and yard games. For those with a green thumb, you will love the garden area and spacious greenhouse, ideal for any plant lovers! Residents of Fox Hill have access to the award winning Cherry Creek School District along with Eaglecrest High School. Easy access to just about anywhere including DIA & DTC and Downtown Denver. Enjoy endless dining, shopping, and entertainment options in the Southlands Outdoor Retail District featuring a full AMC Dine-In Movie Theater and abundant casual dining options.
Source: RECO #2251251
Source: RECO #2251251
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: #2251251
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