12671 E Bates Cir Aurora, CO 80014
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About this home
Why buy new when you can move right into this recently renovated four bedroom home just minutes from Cherry Creek Reservoir and tons of trails in Cherry Creek State Park. Boasting new interior paint, new flooring throughout, tons of natural light and so much more. The main floor features an open and bright layout boasting a spacious living room with a large window flooding in natural light, vaulted ceilings, modern lighting and an impressive brick fireplace surround. The dining room and family room are both conveniently right off the kitchen making entertaining a dream and in the kitchen you’ll love the incredible amount of storage and cabinetry space, stainless steel appliances, peninsula counter with space for seating and the quartz countertops. Heading upstairs you’ll find four bedrooms and two bathrooms including the large primary suite with full en-suite bathroom featuring double sinks and lots of counterspace. In the basement you have even more additional space for a cozy hangout, guest space, work from home area or anything you can think of plus a laundry room with enough space for more storge. Rounding out the home is a spacious and private backyard with full fencing and a large covered deck and patio space with built-in bench seating - ready for entertaining or relaxing at the end of the day. The location has UNMATCHED convenience - just 10 minutes from tons of shopping and dining options at Aurora Town Center. Short walk to a neighborhood park and just 10 minutes to all the beauty and activities that Cherry Creek Reservoir and Kennedy Golf Course has to offer. Easy access to I-225, making DIA and downtown Denver 25 minutes away and DTC 15 minutes away. Call today to set up your private showing!
Source: RECO #2791977
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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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