9785 Mount Kataka Pt, Littleton, CO 80125
4 beds · 3 baths · 3,823 sqft
**1 Year Buydown Offered from Preferred Lender** Incredible Sterling Ranch gem, backing to a serene wildlife corridor where you can often spot deer, elk, foxes, & a variety of birds. Located on a no-outlet street with minimal traffic. This smart home allows you to monitor energy usage, security, & irrigation, providing optimal efficiency & emergency alerts. Enjoy breathtaking mountain views on walks along the neighborhood trails. Craftsman-style exterior with new, low-maintenance landscaping & a welcoming covered front porch. Inside, a bright & sunny open living space connects the living room, kitchen, & dining area, all unified by durable laminate wood floors. The cozy in-wall gas fireplace adds warmth to the living room, while the chef-worthy kitchen boasts warm wood cabinetry, a walk-in pantry, a desirable 5-burner gas cooktop, & a chic overhead hood. Step out from the dining area onto the covered back patio to enjoy the peaceful views of the open space beyond. A main-level bedroom & full bath are perfect for guests or a home office. Upstairs, a spacious family room & three additional bedrooms await, including the luxurious primary suite with a large 5-piece en-suite bathroom & walk-in closet. The convenience of an upper-level laundry room adds to the ease of living. The unfinished walk-out basement has been thoughtfully divided to provide flexible living space if desired. The home is wired for ceiling fans in all bedrooms & the living room, while the newly landscaped backyard is designed for low maintenance & efficient water use. Approved for a hot tub installation. Additional features include energy-efficient solar panels & new radon mitigation. Sterling Ranch offers a vibrant community life, with events like swim parties, fireworks, & concerts. Wildlife-friendly smart lights illuminate the area at night, & the neighborhood boasts numerous parks & playgrounds, & a nearby community park with a second pool is expected to be completed soon.
Source: RECO #2016620
Financials
Source: Public records
Source: RECO #2016620
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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