9268 Richfield St Commerce City, CO 80022
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About this home
Welcome home to this rare ranch style home in the coveted Buffalo Highlands neighborhood! This is a Three bedroom, two bathroom home with an attached 2-car garage. As you walk into the home and down the hall you notice the oversized open kitchen with granite countertops, eat in kitchen island, large walk in pantry and plenty of space to move around while cooking or entertaining. The dining room is conveniently next to the kitchen with its own designer lighting, while the living room continues the open floor plan and connected to the sliding glass door to your backyard. There are 3 bedrooms, with the primary having its own bathroom with Jack and Jill sinks and walk in closet! The other 2 bedrooms share an additional full bathroom. As you walk out to your fenced in back yard, you can see it has a great covered patio and a relaxing fire pit (the hot tub is negotiable as well!). Here in the welcoming Buffalo Highlands area of Reunion, you are conveniently located within a short commute to downtown Denver as well as Denver International Airport. Don’t wait, because there aren’t many homes this size and price range in this neighborhood, come see it today!
Source: RECO #5664171
Loan details
Neighborhood
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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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