5232 Truckee St, Denver, CO 80249
3 beds · 3 baths · 2,572 sqft
Welcome home to this bright, open and easy home in green valley ranch. A wonderful open floor plan with 3 car garage is great for every day living. The third garage bay is deep, with room for storage and shop. The front porch is covered and east facing. Walking in to this home, you'll notice the wood-patterned tile floors throughout the common spaces. The kitchen is ample, with a large granite island with room to dine, bake and entertain. The primary suite is on the main floor, with a large bedroom area, a sitting area, large bathroom and walk-in closet, giving it an oasis like feel. Everything else you need is on the main floor, including guest bedroom, full bath and laundry. But that's not all of it! Up the stairs from the living room is a large loft for additional living space. Just off the loft is a full bath and additional bedroom with walk in closet. The yard is fully fenced with a partially covered patio (220 wired for a hot tub!), grass area, plants, and around the corner, a shed for additional storage. An owned 32 panel solar power system will be yours at closing, keeping your energy bills low. Call today to schedule a showing of this great home!
Source: RECO #2089443
Financials
Source: RECO #2089443
Source: Public records
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%. 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.
Other resourcesWhat 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.
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