1801 102ND AVE, Greeley, CO 80634
Welcome to this renovated home in the desirable Promontory South community of Greeley! Nestled in a tranquil location, this home offers both comfort and style, making it perfect for modern living. As you approach, the beautiful landscaping and inviting front porch set the stage for what lies within. Step into the main level, where you'll find an upgraded kitchen boasting stainless steel appliances, granite countertops, large deep kitchen sink and abundant cabinetry, providing ample space for all your culinary needs. The adjacent dining room features high ceilings and offers sightlines to the living room, creating an open and airy atmosphere. Luxury vinyl plank flooring flows throughout, adding a touch of elegance. The lower level features a spacious living room with large sliding glass doors that open to the patio, facilitating great indoor-outdoor living. This level also includes a convenient laundry area and access to the attached three-car garage, providing plenty of space for parking and storage. Upstairs, the primary bedroom serves as a peaceful retreat, complete with a private en-suite bath and a walk-in closet. Two additional bedrooms and a full bathroom on this level offer plenty of space for family or guests. Fully finished basement gives you a flex space or a 4th bedroom complete with an en-suite bath, providing extra privacy and flexibility. Step outside to the gorgeous, fully fenced backyard, where you'll find a beautifully landscaped oasis with a pergola-covered patio, creating the perfect spot for relaxation and outdoor gatherings. Just moments away, you'll find a city park with a pavilion, adding to the convenience and charm of this location. Don't miss the chance to make this charming home in Promontory South your own!
You may be able to put down less than the total down payment amount of $50,414 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #ir1017879
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