Location and Views! New roof and gutters are being installed soon! Discover mountain living at its finest in the charming town of Bailey. Whether you are ready to leave the bustle of city life behind or looking for the perfect weekend escape, Quakie Way delivers. Nestled with mountain tops all around you, this home offers 3 beds, 2 baths and 2 car garage and a huge wrap around deck to enjoy the beautiful sunset views of stunning Mt Bailey and Bear Mountain. Be sure to watch the 360-degree ariel photos on the property web site. https://v6d.com/houses/119-quakie-way-bailey-co-80421/ New carpet on both levels. Nestled on nearly an acre, enjoy your own private Aspen grove. Sit back and enjoy the expansive wrap around deck to relax and gaze at the intense evening stars. This home has it all. Views are breathtaking! Breathe in the crisp mountain air while taking a hike, watch the native deer cruising the neighborhood. Visit nearby waters of the North Fork of the South Platte River. Whether you love watching wildlife, enjoy hiking, biking, love to fish, or simply someone who loves to relax on the deck, you will feel right at home in Bailey’s relaxed mountain lifestyle. Love horses? Visit the local Burland Equestrian Park. Spend your weekends exploring historic landmarks that helped put Colorado history on the map. Take a 4x4 adventure over the scenic Guanella Pass Byway at 11,669 ft high and wind your way into Georgetown—a must-do journey for Coloradans and visitors alike. Here, weekends are not about traffic or schedules, they are about lacing up your boots for a morning hike, heading to the ski resorts, hopping on your bike to explore winding trails, or casting a line into the best fly-fishing waters Colorado has to offer. Wildlife is abundant, mountain views are endless, and outdoor adventures await at every turn. For those who love fishing, you will be just minutes from a renowned secret fishing spot—its exact location shared only with the lucky new homeowner.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
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