7266 S Birch St, Centennial, CO 80122
4 beds · 2 baths · 2,214 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Come and see the TWO SUITS in this home! This charming and updated ranch home offers a unique layout with two separate living spaces, perfect for multi-generational living or rental potential. The property features two spacious suits, each with its own private entrance, ensuring both privacy and convenience. Home has SOLAR (paid for) smart thermostat for energy efficiency and smart water sprinkler system.Water Heater 2016, Furnace 2015, A/C 2015,sewer scoped 2024 The main floor offers two inviting bedrooms (which can easily be converted back to three, as originally designed) and a beautifully updated bathroom with modern tiles and a bathtub. The main level comes with original hardwood floors, and the open kitchen is complete with stainless steel appliances, a stylish tile backsplash, and quality cabinetry and bar sitting. The washer and dryer are conveniently located on the main level, although they were originally in the basement. The finished basement comes with additional living space, with two more bedrooms and a SECOND kitchen, making it perfect for use as a separate apartment or in-law suite. The basement also has a secure, private entry from a back yard. Outside, you'll find a large yard with ample space to create your dream garden. Front and back yard has a sprinkler system.The yard also features a new patio slab, an attached shed, and additional RV parking, adding to the home's appeal. Great central location- school and park just block away, shopping/theaters,Whole Foods, Trader Joes, restaurants at Arapahoe and University. Life Time Fitness and South Suburban golf Course minutes away. You are truly close to all amenities in a desired Centennial neighborhood.
Source: RECO #3936599
All values shown are estimated costs / mo.
Source: Public records
Source: RECO #3936599
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.
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.
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.
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.
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.
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.
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.
This publication is designed to provide information with regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.
The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.
PUBLISHER'S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.
METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.