A true mountain escape surrounded by nature! Set on 5 private acres and bordering hundreds of acres of stunning National Forest, this log cabin retreat offers unmatched access to the outdoors, with wildlife, towering trees, and peaceful surroundings in every direction. The open-concept main living area blends classic cabin character with a functional layout, featuring two bedrooms and two bathrooms designed for easy, comfortable living. The kitchen is outfitted with stainless appliances, granite countertops, ample prep space, and plenty of storage, plus a conveniently located laundry area to keep everything within reach. The primary bedroom includes its own ensuite bathroom, creating a comfortable retreat within the home. The walk-out basement offers excellent potential for expansion, a workshop, or storage, giving you flexibility to customize the home over time. Outside, the massive deck is wired with 220V power for a hot tub and offers incredible views of the mountains, sky, and surrounding wildlife, creating the perfect space to relax and take it all in. Ready for daily living or weekend stays, this property is equipped with a high-capacity generator that activates immediately during power outages, a brand-new well pump, and an extra-deep 750-foot well, along with two 250-gallon cistern tanks. The property has also been fully fire-mitigated to Loveland Fire Department and insurance standards. Adventure starts right outside your door, with direct access to nearby hiking trails and fishing at the Big Thompson River. Less than a 30-minute drive to downtown Loveland and 30 minutes to Estes Park, where you can explore the majestic Rocky Mountain National Park. Fishing enthusiasts will love the close proximity to Carter Lake, Horsetooth, Flatirons, and Pinewood Reservoirs, plus the new upcoming Chimney Hollow Reservoir. Whether used as a personal retreat, a short-term rental, or a space for special events, this property has so much to offer! 3.25% assumable FHA loan.
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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