VA loan
30-day close
1 of 49
VA loan
30-day close
$999,500

5639 Cardinal Flower Ct, Fort Collins, CO 80528

4 beds · 4 baths · 2,876 sqft

Nestled in the picturesque community of Fossil Lake Ranch, this meticulously crafted 2010 semi-custom home stands as a testament to modern elegance and timeless charm. Situated strategically between the vibrant locales of Loveland and Fort Collins, and with the convenient proximity of I-25 just 2 miles away, residents are afforded unparalleled access to a myriad of amenities and attractions. Step inside this sanctuary of sophistication to discover a haven where every detail has been carefully curated to elevate the living experience. The focal point of indulgence lies within the spa-like primary bathroom, boasting a luxurious volcanic limestone tub that beckons you to unwind and rejuvenate after a long day. Furthermore, the residence's enviable location places it in close proximity to the serene beauty of Twin Silo and Radiant Parks, offering boundless opportunities for outdoor recreation and relaxation right at your doorstep. The essence of contemporary luxury permeates throughout the home, with sleek matte black plumbing and lighting fixtures adding a touch of modern allure to the living spaces. Additionally, the community's homeowners' association provides an array of amenities, including a refreshing pool, play area, and a welcoming clubhouse, fostering a sense of community and camaraderie among residents. Embrace the future of sustainable living with smart features such as an Ecobee thermostat and a fully-owned solar system, ensuring both efficiency and environmental responsibility. Dual EV chargers can be programmed to charge with the panels only or during off peak hours. This home generated more power than it consumed in 2023! With its inviting living spaces and serene outdoor retreats, this home transcends the ordinary—it's a sanctuary where cherished memories are waiting to be created. Welcome to Fossil Lake Ranch, where luxury, convenience, and unparalleled beauty converge to offer you the lifestyle you've always dreamed of.

Interest rate 3
2.5%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$2,640
With Roam
$4,217
Reduce your monthly payments by $1,577 when you assume this mortgage.
You also save $492,195 in total interest paid.

$394,220
Edit

You may be able to put down less than the total down payment amount of $394,220 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

30-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Lot size
0.16 acres
Year built
2010
Type
Single Family Residence

Source: RECO #9318321

Loan
Remaining term
26 years
Rate
2.5%
Monthly P&I
$2,640
Remaining loan balance
$605,279

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 30-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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.

What is an assumable mortgage?

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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.

Why is an assumable mortgage valuable?

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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.

How can you find assumable mortgage listings?

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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 “Get Notified” 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.

How do I qualify for an assumable mortgage?

expand content

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.

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Last updated: Dec 05, 2024 06:40 pm
Listing agent: Mike Cox (303) 638-4689
Listing provided courtesy of: Colorado Home Realty (720) 981-4109
Details provided by RECO and may not match the public record.
MLS ID: #9318321
The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (“IDX”) program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than Everystate are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.
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Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$2,640/mo
View details