Find small town mountain living on the Western Slope of Colorado in the historic community of Collbran, where Grove Creek and Plateau Creek flow nearby and scenic mountain landscapes surround everyday life. Tucked along a quiet dead-end street just two short blocks from Main Street, this 3-bedroom, 2 full bath manufactured home offers comfort, convenience, and an inviting Colorado lifestyle with residential services, local businesses, schools, annual community events, and recreation close to home. Step inside to vaulted ceilings, large windows bringing in natural light, and an open, comfortable layout designed for easy living. The kitchen offers appliances, pantry storage, and adjoining dining space, while the separate laundry room adds function and organization. Newer upgrades throughout, combined with laminate and carpeted flooring, ceiling fans, walk-in closets, forced air natural gas heat, and an evaporative cooler, provide year-round comfort. Enjoy landscaped shade trees, fenced yard areas, Trex deck porches, graveled drive and parking, plus a storage shed for tools and outdoor gear. Relax outdoors with nearby sounds of Plateau Creek and enjoy the peaceful setting of this small mountain town neighborhood. Collbran is surrounded by the beauty of Plateau Valley with convenient access along scenic Highways 330 and 65 to the I-70 corridor and the Western Slope s largest hub of Grand Junction for regional shopping, medical services, dining, and airport access. Outdoor recreation is nearby in every direction, including the Grand Mesa, known as the world's largest flattop mountain, Powderhorn Mountain Resort skiing, Uncompahgre National Forest, Vega State Park, fishing, hiking, hunting, ATV trails, camping, and year-round Colorado outdoor adventure. Country comfort, small town charm, and mountain recreation all come together in this Western Colorado property opportunity. Enjoy quiet serenity and comfort listening to the rushing waters of Grove and Plateau Creek.
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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