12057 W New Mexico Pl Lakewood, CO 80228
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About this home
Updated Green Mountain Village all Brick Ranch, great curb appeal, beautiful trees! Hardwood floors welcome you in with updated paint colors and features. Spacious dining room with built-ins, classic Hutchinson, for charm and storage. The kitchen is a must see, brand new vinyl tile flooring that is stunning, upgraded cabinets, gorgeous granite and backsplash, stainless appliances including custom hood. Access to the back patio from the kitchen makes entertaining a snap. 3 bedrooms all on the mail level, the primary that is good sized, featuring a walk-in closet and a new three-quarter bath, you will love it! The other main level full bath has also been updated, nicely done. The other two bedrooms are good size, south facing and could make a nice office space. Or, perhaps an office in one of the two bedrooms in the fully finished basement would suit your needs. Fun family room, ready for entertaining and bonus space. A three-quarter bath in the basement is handy for guests. Large, finished laundry room provides ample storage, complete with shelving. Fully privacy fenced back yard with a patio and a shed. The two-car attached garage, with newer garage door, provides access directly into the house and has attic storage and workspace. Additional off-street parking next to the garage is sure to catch your eye. Other updates include newer sewer line, radon system, newer windows, newer HVAC and the roof is approximately 7 years old. Fantastic value, location is key. Walking distance to parks, schools and trails. Easy access for shopping and commuting. Straight shot on Jewell Ave. to C-470 for mountain access.
Source: RECO #7176664
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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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