1601 27th Ave, Greeley, CO 80634
5 beds · 3 baths · 2,576 sqft
Here is a Fantastic opportunity in the sought-after Rolling Hills subdivision! Nestled on a corner lot on a CUL-DE-SAC! You'll love the ample concrete pad added in 2020-perfect for extra parking, RV storage, or recreational vehicles-and the fact that there's NO HOA to worry about! Located near the newly built Greeley West High School, this home is priced to sell and needs some TLC in the basement to make it shine! Don't miss out on this opportunity to own in a prime location-schedule your showing today! The backyard CAN be an entertainer's dream with a Trex deck and new fencing installed in 2020. A sprinkler system makes yard maintenance easy, and the exterior of the home has been freshly painted (2020). Electric space heater in garage. 220V Outlet hookup in garage. Window getting replaced in bedroom 3. The roof was updated in 2021, and there's a shed (2019) for additional storage. Inside, the home is ready for your personal touch! The kitchen cabinets were updated in 2018, and the flooring is less than 10 years old. Windows were replaced in 2016, and major systems like the AC and furnace are only a few years old (2019). The appliances are from 2017, offering peace of mind for years to come.
Source: RECO #IR1021078
Interest rate and monthly payment estimated based on public records.
Source: RECO #IR1021078
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: #IR1021078
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