23286 E Lake Pl Aurora, CO 80015
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About this home
Tired of feeling cramped? Imagine a home where your family can truly spread out, entertain with ease, and enjoy the Colorado sunshine in your own private oasis. This stunning, fully renovated home in the highly sought after Saddle Rock Ridge neighborhood is the answer you've been searching for! Step into a world of comfort and style in this exceptional 6-bedroom, 4-bathroom residence. Meticulously renovated, this home seamlessly blends modern luxury with the warmth and character you desire. The expansive layout offers abundant space for everyone, whether you're working from home, hosting family gatherings, or simply enjoying incredible mountain views from the massive trex deck. Picture yourself in the beautifully updated kitchen, the heart of the home, perfect for creating culinary delights and making lasting memories. Outside, the over a third of an acre lot is a true gem, featuring mature trees that provide shade and privacy, creating a serene escape. The backyard is an entertainer's dream, complete with a play set that promises endless fun for the kids. This is more than just a house; it's a place where your family can thrive and grow and park all your recreational vehicles and toys! Ready to experience the perfect blend of space, style, and Colorado living? Don't miss the opportunity to make this Saddle Rock Ridge masterpiece your own. Schedule your private showing today and step into the lifestyle you deserve!
Source: RECO #9367680
Loan details
Neighborhood
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Close stress-free in 45 days, handled start to finish by Roam.
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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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