5251 Truckee St, Denver, CO 80249
5 beds · 4 baths · 3,252 sqft
Welcome home to this beautifully appointed 5-bedroom, four-bathroom located in Green Valley Ranch. This home is move-in ready and boasts a thoughtful design with modern upgrades throughout. The main level features an open-concept layout with luxurious laminate flooring, a gourmet kitchen complete with stainless steel appliances, granite countertops, and a large island perfect for entertaining. The adjoining living area, bathed in natural light, flows seamlessly into a dining area, a family room with a cozy fireplace. Upstairs is the primary bedroom, complete with a 5-piece bathroom, a cozy fireplace a walk-in closet, and a large window offering a broad mountain view. Three generously sized bedrooms and a loft provide ample space for your family and guests, with a full bathroom conveniently located in the hallway. The fully finished basement features an additional bedroom, a full bathroom, and a spacious recreation room. Step out into the backyard to the stamped concrete patio with a built-in firepit. Fully drywalled and painted tandem 3-car garage. A new roof was replaced last year, as well as most of the siding. The prestigious DSST Green Valley Ranch is a few blocks away. Easy access to Pena Blvd, I-70, and I-225. Conveniently located 15 minutes from the Denver International Airport, Downtown Denver, and the Buckley Space Force Base. Solar Voltic panels are under a purchase-to-own contract that is to be assumed by the buyer.
Source: RECO #4844379
Financials
Source: RECO #4844379
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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