Woo! Back on the market and ready for you, so let me tell you every reason I love this house... The luxury of being minutes away from the Northern Colorado hubs, without the Fort Collins, Windsor or Timnath price tag. There are also no "plan to update later" plans, because it's ready now - and has been designed for everyday use and entertaining, from quartz countertops in the kitchen to movie night in the loft. Now for the good part, with three full bedrooms and sizeable loft and three bathrooms every inch of this home is usable, light-filled, and intentional. No dark, weird basements, no costly finishing projects, just space that works from day one. A three-car garage offers room for all of your vehicles, storage and functionality for any hobbies, which of course you have to have outdoor equipment being this close to Timnath Res, Windsor Res, Boyd Lake, Horsetooth and more. What about ultimate functionality? A chef's kitchen with a walk-in pantry to hide all of your favorite midnight snacks, a kitchen island that doubles for homework night chats, to a buffet for Holidays. The main level includes a flex room that can serve as a calm homework retreat, work from home space, or additional living area while the upstairs provides the space for the ideal for a media room on those comfy movie nights, play area where guests won't see all of the kids' stuff (you know what I mean). What about 3 bedrooms on the same floor? The ultimate perk- keep younger kids close without needing to go up or down stairs during the night, also capitalize on having easier bedtime routines with increased efficiency as the secondary bedrooms share a spacious full bathroom. Last but certainly not least, the primary suite offers privacy, comfort, and convenience, complete with a spacious walk-in closet and an en-suite bathroom.
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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