18059 French Creek Ave Parker, CO 80134
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About this home
1% PERMANENT RATE BUY-DOWN OFFERED BY PREFERRED LENDER! CONTACT ME FOR INFO Welcome Home! This nearly new unit is part of a duplex so only one shared wall with your neighbor. Come see this unit as it has one of the best lots in the community. It has it's own iron fenced in front yard that is all yours to enjoy. You have a view of the landscaped green space and nobody in front of you. It's a wonderful view. This 2-story home is light and bright and barely lived in. The unit offers "almost new everything". This is an open floor plan with high end finishes, including stainless steel appliances, as well as a gas stove with convection oven, a pantry and a large island for casual entertaining, or you can host larger gatherings as the kitchen easily transitions into the nook and family room. Enjoy those cool evenings with the lovely gas fireplace that anchors the room. All windows have faux wood blinds for privacy. For added convenience, the garage door flows right into the kitchen, no walking across the parking lot to get to your car. Garage has two remote controls and a keypad to enter. All 3 bedrooms are on the 2nd floor, with a small landing at the top of the stairs to put whatever creative ideas you have to fill the space. A small desk, a reading nook? The primary is a generous size that can easily fit a king sized bed & nightstands. Enjoy the large walk in closet for even more storage. Quartz counters continue in the primary bath, as well as the secondary bath, which are both very good sized rooms. The secondary bedrooms are great size for children, or out of town guests, or use as office spaces. There is a good sized laundry room that rounds out the second floor. It comes with an "almost new" washer and dryer. The low HOA offers a pool, a park, trails abound and activities at the community center. Walk your children to school, take a hike after work and enjoy all the community has to offer! This almost new home is sure to please the pickiest of buyers.
Source: RECO #1665279
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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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