1705 Maplewood Dr, Pueblo, CO 81005
2 beds · 1 baths · 866 sqft
Charming Ranch Home - Completely Updated and Move-In Ready! Step into this beautifully updated ranch home and be amazed by its open floor plan, seamlessly connecting the kitchen and living room. The new flooring flows throughout the home, accentuated by hand-textured walls and ceilings, and new base trim. This tastefully designed home boasts new cabinets, granite countertops, a sink, and a stainless-steel appliance package. The added shiplap and open shelves exude country charm. The designated laundry area includes a lightly used full-size stainless-steel washer and dryer. The remodeled bathroom features ceramic tile and new fixtures. The adorable mudroom offers versatility as a home office or bonus room. Exterior features include new paint, a covered carport, a spacious 10x21 workshop with 110 & 220 electrical outlets, and an additional storage shed in the backyard. The recently landscaped front yard includes new sod, rock, and a sprinkler system. Additionally, there's a 220-volt outlet for RV parking on the side of the house. This home is truly move-in ready!
Source: PPMLS #8749616
Financials
Source: PPMLS #8749616
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.