3815 S Knox Ct Denver, CO 80236
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About this home
ASSUMABLE LOAN with low rate - reach out for details! Seller concession of $10K being offered towards closing costs or rate-buy down. Updated ranch. Rare 4-car garage. Professional grade kitchen finishes and appliances. Step into this recently updated ranch-style home where modern design meets comfort and functionality. This 4-bedroom, 2-bath gem offers a truly unique living experience, featuring a custom "speak-easy" bar setup in the third bedroom—perfect as an entertaining space or home office! The heart of the home is the recently remodeled Chef’s Kitchen, boasting professional-grade appliances, sleek concrete countertops, a hand-laid penny floor with epoxy overlay, and a wood accent wall with ambient LED backlighting—an absolute showstopper! Both bathrooms have been tastefully renovated, with the main level bath featuring luxurious dual shower heads. Downstairs, you'll find a full basement with an additional non-conforming bedroom, upgraded stairs and flooring, and ample space for a home gym, media room, or guest suite. Car lovers and hobbyists, take note: the extremely rare 4-car detached garage is a dream come true! Centrally located to Littleton, Bear Creek Park, and Sheridan Community Park. Private backyard is fully fenced in for your dogs. Plus, with three extra driveway spaces, there's plenty of room for RV parking. Click here for a virtual tour: https://my.matterport.com/show/?m=MpiG72GW64b
Source: RECO #4433871
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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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