840 Avena Dr, Elizabeth, CO 80107
5 beds · 4 baths · 4,180 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Beautiful home with modern finishes, designer updates, and flooded with light. This property backs to privately owned acreage property giving the owner a sense of peace and calm looking out over open space. The layout is large, with an open-concept living, complete with a double-height ceiling in the main living space, with south-facing windows that flood the space with natural light. The living room has a large fireplace and built-out with trim and custom moulding that stretches all the way to the ceiling. Additionally, there are custom shades that span the two floors, framing in the large picture windows. The kitchen is large with a massive island, granite counters, corner pantry, stainless appliances, wood cabinets, gas range, and plenty of storage. The dining area overlooks the back yard and the acres of undeveloped land. Off the dining, is a second office nook, perfect for that work-from-home space. The front of the house has a large main floor bedroom - perfect for that home office space. Upstairs you'll find four bedrooms, and three baths. The primary bedroom has two large walk-in closets, an en-suite bath and south-facing sunlit views. The secondary bedroom has an en-suite bath, and the third and fourth bedroom share an en-suite jack-n-jill bath. A large unfinished basement is perfect for storage, or a place for the kids to play, or even that home-workshop space. This modern home has all the conveniences of a new build, with two HVAC systems, and a massive four-car garage. The back yard is large, with an irrigation system, Kentucky bluegrass lawn, and large spaces on each side of the home to put in a dog run. This is a prime lot in the neighborhood on a quiet street, that backs to views of acreage land. Don't miss the opportunity to jump on this rare site in a pristine neighborhood!
Source: RECO #6772136
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: RECO #6772136
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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