9080 Fig St, Arvada, CO 80005
4 beds · 2 baths · 4,488 sqft
Welcome to this beautiful home in highly sought-after Whisper Creek, nestled close to lots of Open Space and trails in one direction and convenient amenities in the other! Step inside this ranch-style home that has so much to offer. The tall ceilings and open floor plan make entertaining on a large or small scale a breeze. The chef's kitchen is state of the art and features dark cabinets and beautiful granite counters plus stainless appliances and a large pantry and is open to a dining area perfect for gathering with family and friends. Featuring 4 bedrooms, 3 bathrooms, a spacious great room and flex space to be used as an office, den or formal dining room, this home is designed for comfort and functionality. Lots of great closet space is a bonus! There is a perfect guest suite or 2nd office right off the front door with a full bath perfect for the privacy your guests desire. The primary bedroom is spacious and features a spa-like 5-piece bathroom plus a generous walk-in closet. 2 additional bedrooms are ideal for family members or hobbies. Fresh paint gives the perfect nod to a more contemporary feel, or just enjoy the crisp contrast to the beautiful LVP flooring throughout much of the main level. The huge unfinished basement is pre-plumbed for a bathroom, providing endless possibilities for customization, or use it as it is for a home gym and lots of storage. The attached 3 car garage gives lots of room for cars, toys or a workbench. Outside, enjoy the large backyard, complete with ample sized patio and room for kids or fur-babies to run and play. This family-friendly neighborhood has fantastic amenities, including a clubhouse, park, playground, pool, tennis courts and scenic trails all within a few minutes stroll. Nestled near the picturesque Standley Lake trails and just a short drive to shopping, dining, and entertainment. Easy drive to Boulder, Olde Town, the light rail to Downtown Denver or the scenic foothills.
Source: RECO #7956276
Source: RECO #7956276
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.
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.
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