14632 Longhorn Dr, Mead, CO 80542
5 beds · 4 baths · 3,952 sqft sqft
Gorgeous move-in ready ranch in a desirable Mead location, situated on a west-facing corner lot. The backyard is shaded in the afternoon, perfect for relaxing outdoors. This friendly community hosts regular block parties and gatherings at the park. Enjoy stunning mountain views from the firepit area and classic covered front porch. The main level features an open living space with durable and easy-maintenance LVP floors. A formal living or dining room provides a great space for guests, or use as a home office. The open concept living room, kitchen, and dining nook create a welcoming atmosphere. The kitchen boasts an expansive center eat-in island, ample white cabinetry, stainless steel appliances with a gas cooktop, and a walk-in pantry. A glass door leads to the backyard patio. On the main level, there are two bedrooms, including the primary suite, located opposite each other for added privacy. The fully finished basement offers three more generous-sized bedrooms. Two bedrooms share a full bath, while the third has an attached bath. The extensive basement family room features a large wet bar, perfect for entertaining. The private backyard includes a charming corner patio in addition to the patio right out the door. Updates throughout the home include a Ring floodlight camera, Ring video doorbell, front porch lighting, backyard landscaping with a firepit patio, Rachio smart sprinkler controller, Ecobee smart thermostat, fresh interior paint and wood trim, remote-controlled ceiling fans, utility sink, whole home humidifier, updated interior lighting, upgraded shower heads, new refrigerator, cabinet hardware, back porch lights, and additional shelving in the basement, bar, and primary bedroom. Located in a peaceful area yet just 10 mins from the town of Longmont, this move-in ready charmer offers the perfect blend of comfort & convenience.
Source: RECO #8188140
Interest rate and monthly payment estimated based on public records.
Source: RECO #8188140
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: #8188140
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