1 of 40
$679,000

2429 Tyrrhenian Dr, Longmont, CO 80504

4 beds · 3 baths · 2,947 sqft sqft

Welcome to your dream home in the renowned Spring Valley community--a beautiful corner lot residence surrounded by mature trees and lush landscaping, offering stunning views of Longs Peak right from the front yard. The spacious living area unfolds before you as you enter, centered around an inviting fireplace that promises cozy evenings and a warm atmosphere. Whip up meals in the kitchen that features a brand-new refrigerator, upgraded oven, and sleek stainless steel appliances. A center island provides ample prep space, and a corner pantry ensures you have all the storage you need. In addition to the casual breakfast nook, the formal dining area provides an elegant setting for meals and special occasions. A dedicated office area with built-in shelving allows for a seamless integration of work and home life. Upstairs, a cozy loft area can serve as a peaceful reading nook or a small entertainment area, adding an extra layer of comfort and flexibility to the home. This level hosts four generously-sized bedrooms, including the primary suite which offers a private sanctuary complete with an ensuite bath and a walk-in closet. The basement extends the living space significantly with a recreational area offering a versatile space tailored to fit your lifestyle needs. Step outside to the fenced backyard, where a concrete patio invites outdoor dining and leisurely afternoons under the Colorado sky. The surrounding landscape offers privacy and beauty, creating a serene outdoor retreat. Situated in a great location with quick access to I-25 and downtown Longmont, this home offers the perfect balance of suburban tranquility and urban convenience. Explore the charm and elegance of this Spring Valley gem, where every detail is designed to create a harmonious and inviting living experience.

Interest rate 3
3.38%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,246
With Roam
$1,652
Reduce your monthly payments by $405 when you assume this mortgage.
You also save $106,722 in total interest paid.

$447,595
Edit

You may be able to put down less than the total down payment amount of $447,595 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.
Location
Details
Home
Size
2,947 sqft
Lot size
0.16 acres
Year built
2005
Type
Single Family Residence

Source: RECO #ir1020515

Loan
Remaining term
21 years, 11 months
Rate
3.38%
Monthly P&I
$1,246
Remaining loan balance
$231,404

Source: Public records

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?

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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?

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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?

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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?

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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?

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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.

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Last updated: Oct 22, 2024 09:23 am
Listing agent: Rob Kittle (970) 690-4920
Listing provided courtesy of: Kittle Real Estate (970) 460-4444
Details provided by RECO and may not match the public record.
MLS ID: #ir1020515
The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (“IDX”) program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than Everystate are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.
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Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 45 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,246/mo
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