1493 Moraine Valley Dr, Severance, CO 80550
5 beds · 4 baths · 4,321 sqft
Stunning 5 bedroom/3.5 bath/3 car garage +office with brand new interior paint & many upgrades! Two story grand entry into this spacious home with room for everyone. Open concept living + gorgeous kitchen w/ quartz countertops and marble herringbone backsplash, gas stove & SS appliances with butler's pantry going into the formal dining area with hardwood flooring throughout the first floor. Beautiful, floor to ceiling knotty alder columns on each side of the island, shiplap on the bar area plus custom board and batten wall in the living room add a touch of rustic elegance. Primary room has newer flooring and custom installed shutters on all the windows. New chandelier with discreet fan and a sliding barn door separating the 5-piece luxurious bath and large walk-in closet. Main level laundry with closet & cabinets, decorative tile backsplash over the folding space and chandelier complete this functional and pretty space! Upstairs you'll find an open loft with floor to ceiling shiplap corner fireplace. Off of the loft are 3 bedrooms and a full bath plus a separate office with double doors. Downstairs is the finished garden level basement with over 1200 square ft of living space and large storage room. Oversized basement bedroom or second primary suite has a walk-in closet and is connected to a full bath. All bathroom countertops in the home are granite. Backyard has a deck and large patio for entertaining. Two established Bradford pear trees have blooms in the summer, an aspen tree in the side yard, a newer green apple tree and maple tree and a medium fir in the back and a crabapple tree in the front yard for future lush foliage! Roof recently inspected and given a 5 year roof certification. Located in Hidden Valley Farm within walking distance to middle and high school and neighborhood parks. Welcome Home!
Source: RECO #IR1028581
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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
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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 #IR1028581
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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