7474 E Arkansas Ave Apt 1812 Unit 1812 Denver, CO 80231
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About this home
Welcome to this fully renovated, 3bd 3ba, townhome-style condo that has been thoughtfully updated from top to bottom! Step into the cozy main level showcasing an open floor plan with brand-new LVP flooring, fresh interior paint, modern lighting, fireplace and updated hardware throughout. The kitchen is beautiful, complete with all-new stainless steel appliances, elegant quartz countertops, and a breakfast bar perfect for casual dining or entertaining. Upstairs, you'll find two generously sized bedrooms and a beautifully remodeled full bathroom with a double vanity. Downstairs, the finished basement adds incredible flexibility, ideal as a guest suite, family room and small bedroom or home office, plus it includes a 3/4 bathroom and a convenient storage and laundry area. Enjoy Colorado's beautiful seasons from your patio just off the living room, or take advantage of the community amenities including an outdoor pool (pretty much next door) and clubhouse. Nestled in a sought-after location, close to scenic trails (highline and cherry creek), parks, Cook Park rec center, restaurants, and more-all within the highly acclaimed Cherry Creek School District. With brand new windows and newer systems, this turnkey home has it all, style, function, and location. Don't miss it!
Source: RECO #IR1042474
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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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