6737 Lee St, Arvada, CO 80004
4 beds · 3 baths · 1,146 sqft
For a virtual tour, go to https://view.ricoh360.com/8ca76caf-132b-4be6-b87c-02ec09481478. THIS HOME QUALIFIES FOR FOR A FIRST-TIME HOME BUYER GRANT OF UP TO $25,000 TO HELP YOU PURCHASE THIS HOME! Contact the listing agent for more info. Welcome to this charming turn-key single family home with many updated items. As you enter the home, you are greeted to a living room with an abundance of natural light and BRAND NEW laminate flooring. Walk in to the beautifully designed kitchen with BRAND NEW cabinets and BRAND NEW appliances. Jot on down to the hallway to three bedrooms with BRAND NEW carpet and BRAND NEW ceiling fans. Each bathroom upstairs have been updated with BRAND NEW tile, toilets and vanities. Step down into the basement where you will find BRAND NEW carpet inside the large family room with BRAND NEW canned lights. Go across the hall to the BRAND NEW bathroom with a large shower. There is even an office space that can be turned into a non-conforming bedroom and another room that would be classified as a non-conforming bedroom. The home also features a BRAND NEW electrical panel, a roof that is less than 5 years old, a furnace that is less than 7 years old and a hot water heater that is less than a year old. All of the big token items have been taken care of for you. Lounge out on the expansive back patio and play in the yard under a couple of large trees. The street has little car traffic which makes the home a quiet and serene place. This is an amazing home with all the BIG and LITTLE details taken care of.
Source: RECO #5326953
Financials
Source: RECO #5326953
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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