8035 S Kewaunee St, Aurora, CO 80016
5 beds · 4 baths · 5,179 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to this stunning two-story home in the heart of Whispering Pines! Perfect for MULTI-GEN living! The grand entrance flows seamlessly to both the formal dining and beautiful family room. You'll love the large windows and ample natural light brightening this beautiful Shea Home Pinyon model. Sliding glass doors lead to a private patio and fully fenced & manicured backyard. The kitchen is a showstopper, with sleek modern appliances, ample counter space, and a spacious eat-in nook where you host large gatherings. Thoughtful details make everyday life easier, like the convenient mudroom and a MAIN-LEVEL bedroom with full bathroom! Upstairs, the airy loft offers even more space to relax or play, while the 3-car garage provides plenty of room for extra storage, hobbies, or keeping all your gear organized. The primary bedroom is oversized with a 5-piece bathroom and sleek quartz counter tops. The two additional upstairs bedrooms are connected with a Jack-and-Jill bathroom! The FULLY FINISHED basement offers an additional bedroom and full bathroom, a built-in wet bar, and a bonus room-- perfect for extended family, entertaining or unwinding. All of this is set within a vibrant community with manicured trails, a clubhouse, park and a pool! Located in the prestigious Cherry Creek School District, minutes from Southlands Mall & E-470 making your commute easy! Collective Mortgage will pay a 1-year temporary buy down or 1 percent of the loan amount as a credit to be used for a permanent rate buy down; call Rachel Stevens to take advantage of this offer 585-615-2578.
Source: RECO #7056264
All values shown are estimated costs / mo.
Source: Public records
Source: RECO #7056264
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.
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