3121 S Estes St Lakewood, CO 80227
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About this home
Fantastic opportunity to build equity — recent sales in the community have closed SIGNIFICANTLY higher!!!! This home qualifies for the community reinvestment act providing 1.75% of the loan amount with a cap of $7,000 as a credit towards buyer’s closing costs, pre-paids and discount points. Contact listing agent for more details. Super low HOA! Experience the best of Colorado living in this beautifully refreshed end-unit townhome in desirable West Lakewood. Perfectly positioned near Bear Creek Trails, Bear Creek Lake Park, Foothills Sports Arena and tons of other parks and lakes - this townhome combines outdoor adventure, convenience, and low-maintenance living. The main level welcomes you with an inviting and open living room featuring a cozy, stone wood-burning fireplace. The kitchen features granite countertops and connects seamlessly to the dining area and private back patio, complete with an attached storage closet for your gear. Upstairs, you’ll find an oversized primary bedroom with direct access to the full bath, along with a secondary bedroom overlooking the peaceful greenbelt. The laundry area is conveniently located upstairs, and both the washer and dryer are included. This super low HOA community offers a pool and reserved parking with plenty of visitor parking just steps from your door. With the entire interior freshly painted, the home is truly move-in ready. The location couldn’t be better — quick access to C-470 and Highway 285 makes commuting easy, while the nearby trails and open spaces let you enjoy the active Colorado lifestyle right outside your door. Whether you’re looking for a first home, a low-maintenance lifestyle, or an ideal location close to everything, this west Lakewood gem is ready to welcome you home!
Source: RECO #5267124
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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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