1323 Chamois Dr, Severance, CO 80550
3 beds · 3 baths · 1,738 sqft
Welcome to the highly sought-after Hunter's Crossing, where this stunning two-story home sits on a quarter-acre lot with breathtaking mountain views. As you step inside, you're greeted by a grand living room with soaring 20-foot ceilings and massive windows, filling the space with abundant natural light. The open-concept floor plan seamlessly flows into a spacious kitchen, complete with two pantries, upgraded backsplash tile, and dark, elegant cabinetry. Adjacent to the kitchen is your dining room and a convenient half bath, making this area perfect for both everyday living and entertaining.Upstairs, the primary bedroom offers a peaceful retreat with dual vanities, a deep soaking tub, an enclosed shower, and a generously-sized walk-in closet. Two additional bedrooms provide ample space, and a full bath and laundry room are conveniently located nearby. The unfinished basement awaits your personal touch, with rough-ins for a bathroom, offering limitless possibilities to expand the living space.The oversized three-car tandem garage is a standout feature, complete with three upper storage racks and a large workbench-ideal for hobbies and storage.Step outside to your private backyard oasis, where you'll find a large covered patio adorned with curtains for added privacy, creating the perfect outdoor retreat. Flagstone pavers guide you to a custom-built fire ring area, ideal for relaxing and enjoying those cool Colorado evenings while soaking in the incredible mountain views. This home is truly a must-see-don't miss your chance to experience the beauty and tranquility it offers!
Source: RECO #IR1028967
Source: RECO #IR1028967
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.
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.
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