6505 W Mississippi Pl Lakewood, CO 80232
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About this home
Welcome to your new home! This charming End unit, 1,595 sq. ft. townhouse features 3 bedrooms, 1 full bath, a half bath, and a 1/4 bath. Nestled among tall pine trees, you'll enjoy the peaceful feeling of being in the mountains—right at home. Step inside and head upstairs to a spacious, light-filled living area with vaulted ceilings and an open floor plan. After a long day, cozy up by the crackling fireplace or unwind with a glass of wine in the relaxed conversation nook. The open dining area is perfect for entertaining friends and family—plenty of room to celebrate the holidays together. The vintage-style kitchen offers a nostalgic charm, or bring your inner designer to life and create your dream culinary space. A convenient coffee bar just off the kitchen adds a modern touch. Downstairs, the primary bedroom retreat invites relaxation with its own cozy seating area—ideal for reading or unwinding. A dedicated vanity space with sink is perfect for getting ready, and a pocket door leads to a relaxing bath or shower. Two additional bedrooms provide space for family, guests, or a home office. The lower-level laundry area adds convenience & includes the front loading washer & dryer, and the attached two-car garage offers shelving for extra storage—plus no more snow scraping in the winter! Upgrades include new windows in 2021, Brand new carpet & paint in the lower level 7/2025 & New laminate flooring in the dining room 7/2025, Updated lighting in the lower level & dining room & 3 new doors in lower level 2025. The community features several greenbelts and ample guest parking. Conveniently located near the Belmar shopping area, schools, and restaurants. *****Price reduction of $20k from the original List Price***** Listing Agent is related to Seller.
Source: RECO #7712183
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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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