Welcome to 2929 Abbotsford Street - A Peaceful Country Retreat in North Fort Collins. Beautiful split-level home on over 1 acre in one of North Fort Collins' most desirable locations between Terry Lake and Long Pond. With more than 3,000 square feet of living space, the home features 4 bedrooms and 3 baths, thoughtfully arranged across three levels to offer both openness and separation. The kitchen is updated combining modern amenities with timeless charm. The main living and dining areas feel generous and inviting - perfect for both entertaining and everyday life. Three bedrooms and two bathrooms are located on the upper level including the primary suite, which has been completely reimagined for comfort and functionality. The suite features a spacious, well-designed walk-in closet, an upgraded en-suite bathroom, and a dedicated office nook - ideal for working from home or quiet study. Off the primary bedroom, there is private deck where you can enjoy the outdoors and even hear the stream that runs next to the property, creating a soothing, natural ambiance. The fully finished lower walk-out level is ready for you to make your own. It includes a large family room, fourth bedroom, and a 3/4 bath - plus separate laundry and storage areas. This space could easily serve as a guest suite, home theater, or additional living room giving your household flexibility and room to grow. Opportunity abounds on this lot that is set on over an acre. A spacious, covered and enclosed carport provides parking and/or storage for a wide range of things. In need of work, it awaits the creativity and vision for it's new owner to make it truly shine! A separate storage shed gives even more room for tools, toys, or seasonal gear as well as a covered patio area. Don't miss this opportunity to own a rare, generous parcel in a peaceful part of Fort Collins. Whether you're looking for room to spread out, tranquility, or a home that truly feels like a retreat, 2929 Abbotsford Street delivers.
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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