9540 W FAIRVIEW AVE, Littleton, CO 80128
Nestled in a tranquil Littleton neighborhood, this beautifully updated home offers the perfect blend of modern amenities and serene living. Step inside to luxury vinyl flooring that spans the main floor, providing durability and elegance throughout the living spaces. The heart of the home is the chef’s kitchen, featuring sleek stainless steel appliances, a new microwave and a stove that will inspire your culinary creations. The kitchen seamlessly flows into the sunroom and out onto the deck, where you can enjoy the expansive private backyard, enclosed by a brand new fence for added privacy and peace of mind. Upstairs, the primary bedroom has been thoughtfully upgraded with a newly installed closet system, offering ample storage and organization. Two additional bedrooms share a full hall bath, creating comfortable living quarters for family or guests. The lower level offers another bedroom and full bath, ideal for guests, an office or as a private retreat. The home boasts brand new carpet throughout, fresh paint on both the interior and exterior, new trim and doors, ensuring a crisp, modern look and feel. Additional updates include a new furnace, air conditioning unit, electrical panel, as well as all new switches and faceplates, fiber internet, making this home not only beautiful but also highly efficient and move-in ready. Don’t miss your chance to own this stunning, turn-key property!
You may be able to put down less than the total down payment amount of $141,583 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: #2991015
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