What more could you want than almost brand new Everything, end unit, 2-Car Attached garage, in a wonderful North Longmont location?! As you walk into this stunning like-new home you will notice a bright open floor plan due to the natural light beaming in from the skylight and seeing that this is an end unit. This unit boasts beautiful new flooring throughout, as well as a BRAND NEW KITCHEN with granite countertops & chic colored cabinets. You also have a main floor powder room for easy accessibility. Upstairs provides a loft area great for an office area or family room, also on the upper level you have 2 bedrooms including an extremely large Primary Bedroom with an attached jack and jill full primary bathroom. The space in the basement has been efficiently maximized considering a conforming bedroom with an egress window, & adjacent full bathroom as well. Also downstairs, you have a newer HVAC system and hot H2O heater plus some unfinished square footage perfect for storage. This home has it ALL and has been completed with a high attention to detail, come check it out while you have the opportunity because at this price it is sure not to last long!! Can close and move in quickly to get settled in before the summer!! This property qualifies for a $3,000 lender credit towards buyer’s closing costs or interest rate buydowns through preferred lender. Buyer is not obligated to use preferred lender to have offer accepted, however must use preferred lender to qualify for the credit.
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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