6714 Gray Ct Arvada, CO 80003
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About this home
This splendid single-family home located in the desirable Lamar Heights community of Arvada, Colorado. This spacious residence encompasses 2,240 square feet, featuring 5 bedrooms, 1 full bathrooms, 1 3/4 bathroom and 1 half bathroom, all set on a generously sized lot. The backyard is professionally landscaped with large patio space and has 2 storage sheds. Both front yard and backyard are fully irrigated with professionally designed automatic programmable sprinkler systems. Newer HVAC systems assures interior climate comfort year round. The brick exterior not only adds to the home's aesthetic appeal but also ensures durability, making it a perfect choice for anyone seeking a comfortable living space in a suburban setting. Upon entering, you'll find a welcoming living room adorned with wood-finished floors and a glass-covered fireplace, ideal for cozy evenings. The kitchen is a culinary enthusiast's dream, boasting stainless steel appliances, a decorative back splash, and a central island that doubles as a breakfast bar. Natural light floods the dining area, enhancing the inviting atmosphere, while the outdoor patio offers a peaceful retreat in the fenced backyard, perfect for gatherings or quiet relaxation. Very close by are Britton Park and Hidden Lake Recreational facilities affording incredible outdoor enjoyment opportunities. This property is situated in a vibrant community, close to parks, shopping, and schools, making it a prime location for families. The convenience of an attached garage and ample driveway parking and RV parking ensures easy access. With its mix of modern amenities and suburban charm, this home is an exceptional opportunity for anyone looking to settle in a welcoming Arvada neighborhood.
Source: RECO #4075903
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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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