6164 N Lisbon St, Aurora, CO 80019
3 beds · 3 baths · 1,815 sqft
Looking to drop your payment approx. $350 monthly for the first year? Sellers are offering to purchase buyers a 1 year buy down! This home also eligible for the SWBC Move Up Program with the potential to save buyers on monthly mortgage insurance payments as well as lower interest rates. Assumable 5.25% FHA loan approx. $500k assumable balance. Welcome to 6164 N Lisbon St in Aurora, CO! This exceptional paired home, built in 2022, is ready for you to move in with no upgrade costs or waiting times typically associated with new construction. This property features 3 spacious bedrooms, 3 stylish bathrooms, and a versatile office space on the main level, all thoughtfully designed with premium finish selections. The heart of the home is the expansive kitchen, showcasing a large island and elegant quartz countertops—perfect for both cooking and entertaining. Enjoy the seamless flow into a beautifully landscaped private yard with a stamped concrete patio and low-maintenance turf. Additional features include an oversized attached two-car garage, a brand-new roof on this half of the paired home, and a fantastic upstairs loft space that can serve as a cozy family room, play area, or additional home office. This premium lot offers breathtaking, unobstructed mountain views and is ideally situated just moments from the future Painted Prairie Town Center, promising effortless access to a variety of shopping, dining, and entertainment options. Enjoy the convenience of being close to Denver International Airport, E-470, and the Gaylord Rockies Resort. Immerse yourself in the lively Painted Prairie community, where you can partake in exciting local events such as summer farmer’s markets, festive holiday celebrations, movie nights, and music in the park. Why wait for upgrades when this home is ready now, fully finished and waiting for you? Schedule your showing today and experience the best of modern living in a thriving community!
Source: RECO #5592213
Interest rate and monthly payment estimated based on public records.
Source: RECO #5592213
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: #5592213
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