2641 GERANIUM LN, Fort Collins, CO 80525
Fall in love with this two-story home with a 3-car garage located in the Lakeview community in midtown Fort Collins. Designed to impress with its thoughtful updates and open-concept layout, this property offers an exceptional living experience in a prime location. Step inside to a welcoming foyer that leads you to the main living area bathed in natural light from the large windows. The area is anchored by a gas fireplace, providing a cozy ambiance on chilly evenings. The kitchen is a true highlight, featuring stainless steel appliances, a gas range, granite counters, and a tiled backsplash. A center island with seating makes it a social hub for meal prep and casual dining, while the walk-in pantry provides ample storage space. French doors open to a dedicated office out front, offering a quiet area for those who work from home. Upstairs, a family room loft adds an additional layer of living space, suitable for a variety of uses from a play area or a secondary lounge. The upper level also includes two guest bedrooms and the luxurious primary suite, featuring tray ceilings, a spa-like 5-piece ensuite bathroom, and a custom walk-in closet. The unfinished basement presents endless possibilities for future expansion to fit your lifestyle needs. Step outside to the private yard, where a covered patio provides a peaceful outdoor living space. The yard is adorned with assorted plants, including a peach tree, and offers space for a hot tub, making it perfect for outdoor relaxation and entertainment. Located within walking distance to a shopping center, this home also offers great accessibility to everyday necessities. The entire house is wired for cable and internet, ensuring connectivity throughout. Additional features include a power roof vent and a new roof with class 4 shingles.
You may be able to put down less than the total down payment amount of $344,917 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: #ir1016558
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