110 Meadow Ln, Fort Collins, CO 80524
2 beds · 2 baths · 1,002 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Spring has Sprung and this cozy well built cabin offers a place to retreat and enjoy the fresh air and the solitude of the Colorado Mountains. Check out the property photos and videos! This timber frame log cabin offers year round access and is located in a small community just an hour to Fort Collins and has open zoning! Here you can enjoy river access all up and down the canyon and the fish are biting in the wild trout waters of Poudre Canyon! There is also easy access to Kelly Flats 4-Wheel Drive Road, Pingree Park Road, multiple places to enjoy National Forests access, Chambers Lake, Joe Wright Reservoir, Red Feather Lakes, numerous parks, CSU Mountain Campus, and more! If you enjoy the outdoors - you will have access to it all...hiking, climbing, hunting, fishing, river kayaking, rafting, bicycle/ATV/motorcycling trails, snowmobiling, boating, camping, and photography to name a few! The Glen Echo resort is just a minute down the road - offering a nice convenience store and a terrific restaurant and bar. The famous "Mish" is located just 19 miles away and offers scenic full service riverfront dining and an iconic seasonal top-notch amphitheater for live music. There is plenty of room on the property for an additional outbuilding, there are a total of 4 lots - totaling approx. .95 acres. The cabin's interior offers a main level bedroom a large loft and a bunk house. The floor to ceiling wood stove is the centerpiece of the living and dining areas, kitchen is open and offers a breakfast bar and antique stove. Call today for a showing!
Source: RECO #IR1030255
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: RECO #IR1030255
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
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