3007 E 131st Way Thornton, CO 80241
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About this home
Welcome to this amazing 4-bedroom, 4-bath home that sits on a corner lot. This home has been updated with new SS appliances in the kitchen, a new fireplace insert, new roof & gutters, new flooring, new lighting, & new paint. All withing the past 3yrs. There are two laundry rooms in the home, one in the basement and the second in the 2nd floor primary suite. This home also has two primary suites both with in suite bathrooms, one on the main floor and the second on the second floor which includes a five-piece bath, with a jetted tub. The exterior has two separate gates with 7 extra off street parking spaces. The garage door and opener were replaced in 2023. The back yard has been updated with stamped concrete for entertaining in style. The roof and gutters were both replaced this year. Stainless steel appliances, fireplace insert, stack stone surround & granite hearth were all replaced in 2022. New flooring, lighting, paint and guest bath update all completed in the past year. This home is located on a quiet street, near parks and walking trails and there is No HOA!
Source: RECO #4558153
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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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