1683 Monroe St, Strasburg, CO 80136
3 beds · 2 baths · 2,592 sqft
Get a free consultation call with an expert in the mortgage assumption process.
*** All new flooring and minor bathroom updates *** Welcome to this charming single-family home located in the heart of Strasburg, CO. This ranch-style home offers 1,296 sq. ft. of well designed living space, situated on a generous 10,019 sq. ft. lot. Featuring three bedrooms and two bathrooms, this home provides comfort and functionality for modern living. Please note - the initial set of photos has AI manipulated flooring and furniture, as is images are available after the floor plan images. Step inside to discover an open floor plan that seamlessly blends the living, dining, and kitchen areas. The main-floor master suite offers a peaceful retreat, with ample space and natural light. Throughout the home, you’ll find a combination of carpet and tile flooring, creating a cozy yet stylish atmosphere. An unfinished basement offers additional storage possibilities, ensuring your home stays organized and clutter-free. The large, fenced-in backyard is perfect for outdoor activities and provides a private space for relaxing or entertaining. A shed is also included for extra storage needs. With no HOA, you have the freedom to enjoy your property as you wish, while being conveniently close to schools, parks, shopping centers, and public transportation. Recent updates and upgrades make this home even more appealing. In December 2024, the home was pressurized for air leaks, enhancing its energy efficiency. The kitchen boasts newer appliances, including a stove and refrigerator, while the swamp cooler, hot water tank, and heater, all installed between 2023 and 2024. The roof was replaced in 2023 and windows were replaced in 2024 – This is a well-maintained home ensuring years of worry-free living. Built in 1994, this property combines ranch-style architecture with modern updates, creating an ideal home for anyone looking for a blend of convenience, comfort, and quality. Don't miss the chance to make this gem your own!
Source: RECO #1664326
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 #1664326
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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