8840 Hooker Way, Westminster, CO 80031
2 beds · 2 baths · 1,408 sqft
This stunning remodeled ranch home in Shaw Heights is a must-see! Step inside to a fully updated interior with an inviting open floor plan featuring sleek vinyl flooring throughout the main living areas & plush, cozy carpet in the bedrooms. The show-stopping dining & kitchen area boasts stainless steel appliances, gleaming quartz countertops, a spacious island with a cooktop & range hood, a breakfast bar, & stylish modern hardware. The expansive living room offers plenty of space for hosting friends & family, all within a smart home-enabled space that includes power usage monitoring for enhanced efficiency. Retreat to the oversized primary suite, complete with a large walk-in closet & an ensuite bathroom with contemporary accents. The oversized non-conforming third bedroom provides endless possibilities, whether you need a home office, gym, or additional living space. Step outside into the fully transformed backyard, your private oasis for year-round enjoyment. Lounge under the beautiful pergola, gather around the built-in gas fire pit, or enjoy the low-maintenance turf. Plus, two spacious sheds provide extra storage. The generous driveway easily accommodates three vehicles, while the dedicated RV parking space fits a 30’ camper & includes an outlet that can also double as an EV charger. For added peace of mind, the home features a whole-home generator backup outlet off the electrical panel. Located in a fantastic neighborhood with quick & easy access to highways 25, 36, & 76, this move-in-ready home seamlessly blends modern convenience with stylish comfort.
Source: RECO #4598510
Source: RECO #4598510
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%. 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.
Other resourcesWhat 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.
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