1001 Milo Cir # A, Lafayette, CO 80026
2 beds · 1 baths · 840 sqft
This newly renovated end-unit townhome is located in a quiet pet friendly neighborhood within walking distance to Sprouts Grocery Store, King Soopers, tons of restaurants, Waneka Lake, RTD Park and Ride and Desirable Old downtown Lafayette. When you walk into the home you will love the solid Bamboo floors and cozy stack rock wood fireplace in the open living room. Seller recently had the original kitchen blown out and opened up at a cost of over $26K. The custom oversized Knotty Alder Cabinets with soft closing doors/drawers, and solid Quartz counters, plus custom subway tile backsplash will impress your friends when they come to visit. Step out the back to a private fenced-in courtyard with 11x6 patio for your patio furniture. No neighbors behind this home as there is a spacious greenbelt, that is a perfect place for the kids and pets to run around and play. Upstairs is an oversized primary bedroom with vaulted ceilings, large closet with built-in shelving and door to the updated full bath. The secondary bedroom has new texture walls and ceilings and fresh paint and newer carpet. The Seller recently had the basement finished to include a large rec/family room that could also be used as a study or third bedroom. More recent upgrades include new roof in 2022, hot water heater in 2022, new custom front door, attic insulation in 2020 and newer furnace and windows. This home is nicer than the others and is ready for a quick close. Bring your Buyers they will be glad you did.
Source: RECO #2987646
Interest rate and monthly payment estimated based on public records.
Source: RECO #2987646
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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?
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?
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?
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?
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.
MLS ID: #2987646
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