9866 Spring Hill Ln, Highlands Ranch, CO 80129
3 beds · 4 baths · 2,529 sqft
Welcome to this beautifully upgraded and freshly painted Highlands Ranch home featuring 3 bedrooms, 4 baths, & over $70k in recent home improvements. Step inside to discover light-filled spaces with newer flooring that flows throughout. The spacious kitchen features quartz countertops, painted white cabinetry & stainless steel appliances. The kitchen opens to an inviting family room with a cozy brick-surround gas fireplace & direct access to a new deck & large fenced yard, perfect for outdoor relaxation. Adjacent to the dining area, the living room can easily serve as a home office or additional living space. Upstairs, the primary suite includes a walk-in closet, vaulted ceilings, beautiful mountain views, & a spa-like en suite bath with dual sinks, a soaking tub, & a separate shower. Two additional bedrooms & an updated secondary bath complete the upper level. The finished basement provides extra living space, featuring a large bonus room that could serve as a 4th non-conforming bedroom or bonus room with a beautifully finished three-quarter bath. Additional updates include newer flooring throughout, updated main level powder room & secondary bath. The main level powder room also features a shared laundry room for added convenience. Newer AC & furnace enhance the home's comfort & energy efficiency. The attached two-car garage offers ample storage space. This move-in-ready property is located in a prime location near top-rated schools, shopping, dining, & recreation centers. Just minutes from the Highlands Ranch Recreation Center & Highlands Ranch Town Center, providing easy access to shopping, dining, parks, & entertainment. Residents enjoy access to all four Highlands Ranch Recreation Centers as well as nearby trails & parks. Commuters will appreciate the home's proximity to C-470, Santa Fe, DTC, Mineral Light Rail, & Downtown Denver. Don’t miss this opportunity to own a beautifully updated home.
Source: RECO #8687768
Financials
Source: Public records
Source: RECO #8687768
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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