6523 S Field Way, Littleton, CO 80123
3 beds · 2 baths · 1,632 sqft
Come take a look at this renovated and move-in ready Littleton rancher! Sitting on a nearly quarter acre lot, this brick rancher with a two car garage was fully renovated in 2019, and has since received even more updates and upgrades! When you enter the front door, you're greeted by real hardwood floors that run through the living room, kitchen and hallway. The kitchen has gorgeous new stainless steel appliances, sleek and modern white cabinetry by Ikea, a cool grey glass backsplash, quartz countertops, and stylish crown moulding. Both bathrooms have been upgraded with new flooring, new tile, and new vanities. The light fixtures and fans throughout the house are all new as well. More importantly, the big ticket items have all been replaced very recently! The roof and gutters are new, as well as some the siding. The furnace, and air conditioning unit were replaced 2 years ago, the water heater was replaced in 2019, and the kitchen appliances were purchased in October of 2023. All of which is to say, this house should be maintenance and worry free for many years to come! Located just minutes from Chatfield State Park, and with a ton of walking and biking trails and parks nearby, this home is perfect for enjoying all of the outdoor activities people from all over the country are moving to Denver to experience! And with the light rail station at Santa Fe and Mineral, you have easy transportation to all the big city amenities in downtown Denver! Also, as a pro tip for the skiers and snowboarders, you're super close to 285 so you can take the back way to Breck and skip all the nightmare traffic on I70! Come take a peek at this one today and see what's waiting for you in beautiful Littleton!
Source: PPMLS #4715731
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: PPMLS #4715731
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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.
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 “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.
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 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.