7410 S Old Hammer Way, Aurora, CO 80016
4 beds · 3 baths · 3,234 sqft sqft
Welcome to 7410 S Old Hammer Way, located in the highly sought-after Serenity Ridge neighborhood of Aurora, CO. Located in the Cherry Creek School district, this stunning ranch home offers an impressive 3,234 square feet of living space, thoughtfully designed for modern comfort and convenience. Nestled in the Southeast Aurora suburbs with close proximity to necessities, Southlands Mall and e-470 access. Upon entering you'll be greeted with modern features of main-level living with 3 spacious bedrooms including the primary bedroom with on-suite bathroom and an office/bonus room featuring elegant French doors. The open kitchen boasts quartz countertops, a walk-in pantry, ample storage and flows seamlessly with ****brand-new luxury vinyl plank (LVP) flooring and plush new carpet throughout***. New LVP flooring extends into the dining and family room which features a gas fireplace and welcoming natural light. The fully finished basement is a true highlight, featuring plush new carpet, multiple storage closets, and family room space for a variety of uses. The basement guest bedroom features a walk-in closet and recently installed carpet. The utility room houses the furnace, water heater, and radon mitigation system plus additional storage space. The basement is equipped with built-in surround sound for a theatre style experience. Step outside onto a deck that overlooks the landscaped backyard including concrete patio for easy entertaining. 2-car garage with 220 volt electrical. Enjoy multiple parks and the Aurora Reservoir within walking distance. This beautiful home combines style, functionality, and a prime location, making it the perfect place to create lasting memories. Don’t miss the opportunity to make this exceptional property your new home!
Source: RECO #2500833
Interest rate and monthly payment estimated based on public records.
Source: RECO #2500833
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: #2500833
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