3522 N Buchanan Way Aurora, CO 80019
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About this home
Why wait for new when this gorgeous home is ready NOW?! This Rocky Mountain Sierra Pacific ranch plan features 2 bedroom, 2 baths, great room, dining space, upgraded kitchen and 2 car attached garage. Meticulously maintained - pride of ownership shines throughout. Upgrades include fully finished landscaping with 2 tiered dual patio, cedar planter boxes, posts for sun shades for both patio spaces, and solar lighting along fencing; lighting updates including chandelier in dining room and pendant lighting in kitchen; custom drop zone near the garage entrance; master closet with upgraded built in closet and new roof with upgraded hail impact resistant shingles. The energy efficient 13 seer A/C unit & furnace along with the solar keep this home comfortable all year long and energy costs low (averaging $58/mo.). Buyer will need to assume the solar purchase loan (25 yr term - payment currently runs $130.61). HOA information provided is actually for the metro district. Close to dining, shopping, entertainment and other amenities. Aurora Highlands is part of an award-winning new master-planned community with a convenient location near Denver International Airport, E-470 and I-70. Build equity as the community grows-- since many community features are being built (brand new indoor / outdoor rec center, dog parks, zip lines in the nature areas and an ER room near the entrance of the community.) There are tons of pocket parks and custom sculptures throughout the community along with many seasonal events in the main community carousel park that is within walking distance. Don't miss your opportunity. Welcome Home!
Source: RECO #1737365
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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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