703 S Oneida Way Denver, CO 80224
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About this home
Blending character with thoughtful upgrades, this updated brick rancher is located on a corner lot in a quiet neighborhood just blocks from shopping and schools. The home's living areas are all connected with either wood floors or upgraded tile for easy clean up. Updated windows bring in lots of natural light with new doors installed all around. The remodeled kitchen offers stainless appliances, a commercial flush to ceiling fan, induction cooktop, Bosch dishwasher and fabulous kitchen farm sink. Lots of built ins provide organization for the lucky chef to use this kitchen. The main level has two bedrooms and two bathrooms while the lower bedroom areas are large and flexible. Dining area Enhanced With Coffee Bar and Insta Hot Water Tap. All New Cabinets. 2 Laundry Rooms-One on Main and One in Basement. Oversized Central Bathroom with Soaking Tub. Basement Fireplace has new Gas Line Installed. New Wet Bar and Cabinet With Quartzite Counter in Rec Room. New Hot Water Heater. Lots of Closet Storage, All Closets Finished with Elfa Organizational Shelving. Private Backyard Has Raised Garden Beds. Perennials Established All Around Home. Walk to Schools. Radon Mitigation System Installed. Easy, Quick Occupancy Possible. Good potential for multi generational home or even convert basement into rental space. Loan may be assumable.
Source: RECO #9358814
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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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