Two acres & geodesic dome cabin gives you mountain views, hot tub and cozy winter nights, with two sheds (one heated) and oversized RV garage! Almost equal distance from Denver and Colorado Springs, this 2.1 acre lot in Como includes more than you can imagine! Sellers have built and customized the property to your benefit, including two sheds: one heated, with solar, for crafting or anything you can imagine; and another as storage. The oversized barn / garage is set for RV parking, storage and more, but this structure has lighting and 220 electrical. Front and back patios on the main home give you room to sit in the sun and make friends with the deer or bask in the hot tub under the stars. Inside, the entryway opens into either the dining area or kitchen, with the full bathroom being off the kitchen (be sure to check out the claw foot tub with painted toenails!). This part of the home is the ranch-style portion attached to the dome. Within the dome, the primary bedroom is behind the kitchen and has more than enough room for a king-sized bed. The living room is heated by a pellet stove and electric heater, so it's always warm and comfy. Upstairs, the loft of the dome has two (twin) bunk beds that are negotiable and can be included with the purchase (along with the couch in the living room and futon in the bonus bedroom). There's also a brand new roof, new windows and three new doors! Crawlspace underneath the home was recently encapsulated and insulated, keeping everything warm and low maintenance. Propane is attached to several things, including the gas stove and hot water tank. Private well and septic on property, with septic to be cleaned / pumped prior to closing. HOA is only $50 annually and stocks four reservoirs, with two being trout ponds for fishing. Entire acreage of property is FULLY fenced. Close to national parks, hiking trails, access to ski resorts and more! *Lender offering $8,000 in buydown / closing cost incentive! Ask your broker for more info.*
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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