214 Saxony Rd, Johnstown, CO 80534
4 beds · 3 baths · 4,144 sqft
We are actively searching for a backup offer! Please call with any questions! 2008 is calling - you pick up your first ever iPhone, turn on T-Pain & get out your pocket camcorder to film a homemade video. Oak wood kitchens and mom’s favorite Tuscan decor make for a cozy night in. The world was chaotic amid the beginning of a housing crisis & Britney Spears making a comeback however - each day feels simple & good. Welcome to 214 Saxony, built in 2008 with charming architecture & floor to ceiling windows. If you were looking for an expansive home with room to grow - you’re at the right place. Walk in the front door to find an incredible open floor plan featuring 4 bedrooms, 3 bathrooms, a loft & formal dining room. Notice the living room fireplace and a bedroom/bathroom combo on the main floor. Head downstairs to discover a full unfinished basement - ready for your customization. The backyard is set up for entertaining with a pergola, hot tub & large concrete pad. Enjoy peace of mind when your kiddos head to school - just across the street! As if that wasn’t enough, 214 Saxony is equipped with a 3 car garage and covered front porch. Icing on the cake? One original owner! This loved on house is ready for its next chapter. Fresh paint, new windows & an up to date hot water heater should make the transition smooth as butter. NO METRO TAX and low HOA fees. Schedule a showing today!
Source: RECO #9145506
Source: RECO #9145506
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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.
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 “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.
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 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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