150 S Osceola St Denver, CO 80219
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About this home
Move-in ready! Welcome to this delightful 2-bedroom, 2-bath bungalow in Denver’s popular Barnum subdivision—just minutes from all the fun, dining, and entertainment the city has to offer! This home is packed with updates, including a fully modernized and updated electrical system, newer HVAC, tankless water heater, stylish LVP flooring, and beautifully renovated bathrooms and kitchen. You’ll love the blend of vintage charm and contemporary comfort. Step outside to a lush, fully fenced backyard—perfect for pets, gardening, or summer get-togethers—with convenient access to a spacious two-car garage with alley access. The deck and patio areas are sizable; you can have the whole gang over for burgers and brats, then play a game of volleyball or toss the ball to nieces and nephews. The current owner has meticulously maintained the the yard, front and back, and you will appreciate that your next door neighbor has kept their yard perfect as well. Whether you’re enjoying quiet evenings at home or heading out to explore downtown Denver, this move-in-ready gem puts you in the center of it all. This home has been operating as a profitable short-term rental. Records available during due diligence window. Zoning allows for the addition of an ADU for potential additional income. The current owner planned to convert the garage to a separate, income producing living space. Seller is offering $10k towards down payment or closings costs! Additionally, this home qualifies for the Community Reinvestment Act, providing 1.75% of the loan amount (FHA, VA, or conventional) as a credit towards buyer’s closing costs, pre-paids and discount points. Contact listing agent for more details. This program puts the interest rate back in the 5's! Both of these together equal $17,000 towards the purchase of your new home. Don't miss this great buyer opportunity!
Source: RECO #2191564
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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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