Updated 2+ acre mountain gem offers easy, one level living with access ramp from the 3 car garage. Situated on a corner lot atop a gentle knoll, offers a higher vantage point & private feel, while making the most of surrounding views. Mins from the blacktop, year round access, easy driveway. In CME, this home offers Natural Gas, new high-end LVP flooring, windows & doors. Enter into the foyer and be greeted by warm tongue & groove pine walls and ceilings. Perfectly situated, the high efficiency double-sided fireplace/woodstove, can uniquely warm the entire home while pulling double duty as a grill for cooking meals! DR boasts French doors for access to the fenced, level back yard with tree top & mountain views. You'll enjoy the large, spacious kitchen with views, eat-in nook, drink station & snack bar, pantry and plenty of cabinetry. The laundry room features a storage closet and exterior access to additional RV parking. Spacious 2nd bed/office has great natural lighting and features 2 large closets for your storage needs. 2nd full bath opens to both the hallway and the laundry room. The primary suite on the opposite end of home features a walk in closet, large ensuite behind French doors, deep oversized soaking tub, dual sinks, free standing shower, built in linen closet w/drawers, plus access to a private deck off the backyard. The spacious back yard is fully fenced, has beautiful surrounding views, stone patio, large shade tree and a storage shed. The West facing, covered front porch provides many evening sunsets plus beautiful mountain & meadow views. The detached, heated 3 car garage is spacious, with added picture windows for plenty of natural light to enjoy views and while working. Ramp to the front porch from garage offers easy access. Wired for a whole house backup generator. Whether you're looking for a vacation home or convenient everyday mountain living, pride of ownership shows in this updated, inviting home. You'll want to make your own today.
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.
