4969 Thorndike Ave, Castle Rock, CO 80104
3 beds · 3 baths · 1,615 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome Home*You Will Fall In Love As Soon As You Pull Into This Sought After Neighborhood*Shows Like A Model*Everything Is Beautifully Designed*So Much Pride Of Ownership And Attention To Detail*Nicely Updated Throughout*New Roof And Exterior Paint* Newer Gutters*Striking Architectural Elements*A Wow Factor Upon Entering*Vaulted And High Ceilings*Amazing Open Floorplan* Feels So Much Larger Than Square Footage*Perfect Flow And Layout*Each Room Fits Oversized Furnishings*Large Family Room And A Bonus Enormous Living Room Perfect For Entertaining And Relaxing*A Massive Media*Theater Area*Very Rare To Find This Type Of Space*A Chef's Dream Kitchen With So Much Counter Space*Area For A Custom Center Island*Newer 42 Inch Cabinets*Rich Accent Colors*Full Of Elegance And Style*Stainless Steel Appliances And Gas Stove All Included*Great Pantry*Eat In Kitchen*Wonderful Area For All Your Culinary Creations*Formal Dining Room Used As A Sitting Area*So Many Versatile Ways To Use The Space*Whatever Your Heart Desires*Newer Windows And Shades*Tankless Water Heater*Fully Maintained HVAC Systems*Primary Bedroom Offers Tranquility And A Spa Like Feel*Cozy And Chic*Walk In Closet*En Suite Offer Double Vanities*Large Tub To Soak*Tile Flooring And Charming Decor*Nice Sized Additional Bedrooms With Walk In Closet*Murphy Bed In Third Bedroom Can Be Included*Convenient Upper Laundry With Newer Cabinets*New Vanity*Fixtures*Tiling*Serene Oasis In The Backyard*Fully Fenced In With Mature Trees And Landscaping*Newer Wraparound Covered Patio For Outdoor Fun And Ambience*Incredible Private Flat Usable Yard*An Impeccable Extension Of The Home*A Mechanics Dream Garage*Custom Cabinetry Throughout*Specialty Flooring*So Much Storage* Shed Included*So Many Unique Features To Enjoy*Founders Village Offers Pool*Tennis And Pickleball Courts*Parks*Trails*Low HOA* Priced Below Market Value*Incredible Opportunity*Instant Equity*Special Financing Options Through Our Preferred Lender*FREE BUYDOWN*A True Gem
Source: RECO #6006791
All values shown are estimated costs / mo.
Source: Public records
Source: RECO #6006791
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
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