Welcome to peaceful country living in Bijou Valley Estates with NO HOA. Beautifully updated, move-in-ready ranch on 2.5 acres with room for your animals, your hobbies, and your lifestyle. With 5 bedrooms total, 3 on the main level and 2 (1 non-conforming) in the finished basement—this home offers flexibility for multigenerational living, home offices, or guest space. Fresh interior and exterior paint, beautiful new flooring, this home feels bright, clean, and refreshed from the moment you walk in. The main level features a spacious living room, a formal dining room, and an eat-in kitchen perfect for everyday meals. The huge primary bedroom offers plenty of room to relax. Downstairs, the finished basement extends your living space with a large family/rec room, a convenient wet bar/kitchenette, two additional bedrooms, and generous storage. The property is designed for true country living. The 2-year-old roof, updated systems, and well-maintained exterior give peace of mind. Outdoors, you’ll find fruit trees, a back patio ideal for entertaining, and space to unwind around the firepit while soaking in beautiful Colorado sunrises and sunsets. The newer livestock buildings, less than 5 years old, include a chicken coop, goat barn, and additional livestock structures that previously housed a milk cow and pigs. With fenced pasture and room to roam, it’s the perfect setup to bring your horse or grow your hobby farm. Along with the greenhouse, this property is an ideal setup for becoming self-sufficient, growing fruits and veggies, and even having livestock for fresh milk and eggs! The oversized garage with workbench, RV parking (with electricity available), carport, and plenty of off-street parking ensures you have space for all your vehicles, toys, and equipment. Located in the heart of Byers, you’re just minutes from Byers schools, local amenities, and have quick access to I-70, making commuting easy while still enjoying the quiet of the country.
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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