7180 W 35th Ave, Wheat Ridge, CO 80033
3 beds · 3 baths · 1,421 sqft sqft
This is a private oasis in the heart of Wheat Ridge. Known as The Everitt House & built in 1871 (although some records report 1864) Property lot is just under 18,000 sq. ft. & includes "Main House" visible from the street & "Studio" & "Cabin with one bedroom & 3/4 bath". R-2 zoning permits DUPLEX & GROUP HOME. Interested parties contact Zoning Department at 303-234-5931. Some major improvements include: new boiler Main House 2021, new cement patio 2018, new sod & sprinkler system 2018 & 2019, new 2+car garage with new garage door opener & new roof & copper gutters to match copper gutters on Main House in 2020, new roof on Cabin, Studio & Main House 2018, newer windows throughout most of Main House, new electrical box on garage 2020, updated electrical box West side of Main House, New-pour circular driveway 2020, finished 2nd floor Main House including drywall, paint, carpet, & approximately 80% of sewer replaced by former owner. Private deck for Studio & Cabin, original kitchen cabinets Main House. Great Opportunity. NOTE: For the purpose of this listing presentation - the number of baths and bedrooms include the total of those in main house and the bath and bedroom in cabin.
Source: RECO #8394321
Interest rate and monthly payment estimated based on public records.
Source: RECO #8394321
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: #8394321
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