Introducing one of Buena Vista’s finest residential offerings. Every detail of this home reflects thoughtful design and exceptional craftsmanship. Designed by architect Daniel J. Murphy of Crested Butte and built by Stan Hachmann of Hachmann’s Custom Building—widely regarded as the area’s premier builder at the time—the residence showcases timeless quality throughout. Decorative elements were completed under the direction of Priscilla Banks of Crested Butte. The home offers 3,286 square feet of living space, complemented by a 572-square-foot attached garage. Notable features include hand-hewn structural beams, custom walnut cabinetry, and exposed cedar tongue-and-groove ceilings in the living room. Both the kitchen and primary bathroom have been tastefully remodeled. The kitchen’s hanging pot rack, the light fixture above the main sink, and much of the hardware throughout the home are custom wrought-iron pieces crafted specifically for this property. The hardwood floors were reclaimed from a San Francisco pier, bringing a rich sense of history into the space. The main living room centers around a wood-burning, all-masonry Rumford fireplace—an 18th-century design by Sir Benjamin Thompson, Count Rumford, known for its superior heat projection. Exterior details include copper-pipe and spruce-beam railings, as well as recently repainted stucco. The kitchen and entry feature Italian travertine flooring, while the lower level is finished with slate of the highest quality. The study is accented with antique doors. The home is equipped with a premium in-floor hydronic heating system by the German firm Viessmann, extending to the garage, front steps, and garage apron. All main-level doors are sized to allow wheelchair access. This exceptional mountain retreat blends craftsmanship, character, and comfort—offering unmatched quality and value. Schedule your private showing today.
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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