128 Madison Dr Bennett, CO 80102
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About this home
You do NOT want to miss your opportunity to own this three bedroom, two bathroom tri-level in the heart of Bennett with no HOA. Walk in and be greeted by the vaulted ceilings and an open and airy living room with a bay window, providing tons of natural light. This open layout is ideal, opening right into the kitchen which features stainless steel appliances, an island with space for seating and the kitchen sink for easy prep work and tons of counter and cabinet storage space. Upstairs you will find a full bathroom and two generous bedrooms both with tons of closet space. The lower level is the perfect hangout space to relax after a long day of work and play a game or two of pool. Seller will be leaving the pool table and all accessories for the future Buyer. Rounding out the space is the third bedroom, ¾ bathroom and laundry room. The backyard is the ultimate oasis offering plenty of space to unwind, enough room to entertain, garden and make it your own. Enjoy the privacy almost year-round in the fully fenced yard and the extra storage in the shed. Located just enough outside the hustle and bustle of the city but with easy access to multiple dining and shopping options and quick access to I-70 to get anywhere you need including Denver International Airport in 30 minutes. This house is ready to be your home - call to schedule your private showing today! **The preferred lender for this listing is providing a free 1-0 temporary rate buy down for qualified buyers to reduce their interest rate on this property! This concession is exclusive to this property only. Please inquire for further information.**
Source: RECO #3582529
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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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