8935 W 89TH PL, Broomfield, CO 80021
Prepare to fall in love with this delightful half-duplex, ideally located a short distance away from Standley Lake, parks, and miles of walking trails. This charming home feels like a single-family residence, with only one shared wall at the garage for added privacy. As you step inside, you're welcomed by a bright and open floor plan that exudes warmth and comfort. The living room features a cozy wood-burning fireplace—perfect for cold winter evenings while enjoying a good book or movie. Adjacent to the living room is the dining area with French doors leading to the backyard. The renovated kitchen offers a modern touch, featuring granite countertops, a stylish backsplash, SS appliances, and plenty of cabinet and counter space for all your cooking needs. Also on the main floor, you’ll find an updated guest bathroom, a laundry/utility room, and direct access to the attached 1-car garage. Upstairs, the spacious primary bedroom is a private retreat with a large walk-in closet and an abundance of natural light. Adjacent to the primary bedroom is a completely remodeled bathroom that includes newer flooring, tub & tile, vanity, and lighting. Two additional bedrooms on this floor provide plenty of space for family, guests, or a home office. Make sure to check out the backyard which offers a serene escape that is fully fenced and backs to a green belt and park for a peaceful atmosphere. Additional upgrades include a newer: furnace, air conditioning, tankless water heater, storage shelving in the garage, blinds, ceiling fans, and updated flooring throughout. The low HOA fee includes the maintenance of the front yard & all common areas in the community, trash & recycling, snow removal, and exterior painting. Located on a quiet cul-de-sac, this wonderful home is close to shopping, dining, schools, and outdoor recreation, blending peaceful suburban living with easy access to everything you need. For more info on Standley Lake go to: www.westminsterco.gov/StandleyLakeRegionalPark
You may be able to put down less than the total down payment amount of $83,462 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #4057458
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.