10978 Ouray St Commerce City, CO 80022
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About this home
This exquisite 3,884 square foot Richmond American ranch boasts over $100,000 in builder upgrades. Nestled in the desirable Reunion community, it’s just a 15-minute drive from DIA, a 25-minute drive from Denver, and a 45-minute drive from the mountains. Grocery stores, coffee shops, breweries, restaurants, and shopping are all conveniently located within walking distance. But Reunion offers more than just convenience. Put your tennis shoes on and explore the parks, trails, and open spaces, or grab your golf clubs and enjoy a round at the Buffalo Run Golf Course. The 21,000 square foot Reunion Recreation Center features an indoor gymnasium, full fitness center, classes, meeting areas, and an outdoor pool with a water slide. The Southlawn Pool offers swim lanes, a wood dock. Check out the Reunion website for a comprehensive list of amenities and events. Step through the front door and be greeted by the natural light and LVP flooring that lead you to your open-concept living area. The kitchen is a culinary delight, featuring a spacious island, black slate appliances with a gas range and vent hood, two-toned shaker cabinets, quartz countertops, and an upgraded kitchen backsplash that cost over $26,000 at the design center. Cozy up next to the gas fireplace in the living room and enjoy a cup of coffee or tea. When it’s time to rest and unwind, retreat to your spacious primary bedroom with an en suite bathroom. The $50,000 upgraded finished basement is a massive space with 8-foot ceilings, two additional bedrooms, a full bathroom and full kitchen. An unfinished storage area. The fully fenced, 9,100 square foot backyard is perfect for hosting backyard barbecues, building snowmen, or simply enjoying Colorado’s many sunny days. And enjoy the fully paid ION solar panels installed in 2021! Don’t miss your opportunity to own this gem!
Source: RECO #3877686
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FAQs
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.
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.
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.
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.
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 “Save search” 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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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