271 Terra Vista St, Brighton, CO 80601
4 beds · 3 baths · 3,096 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome home to this gorgeous, open floorplan, 4 bedroom/3 bath, 3,096 sq. ft. ranch home in the highly sought after Pheasant Run community. Walk-in with equity, this home last appraised for $650,000 & showcases impressive updates: NEW custom kitchen cabinets, NEW high-heat tolerant epoxy counters, NEW smart appliances, NEW smart lighting, NEW smart thermostat, NEW windows, NEW smart mini-split units throughout the home, NEW furnace, NEW water heater, NEW carpet, NEW LVP flooring, NEW rod-iron railings, Seller-owned solar, & in-law basement suite perfect for extended family or rental income. The gourmet kitchen boasts under cabinet & upper cabinet lighting, gourmet SS appliances w/induction cooktop, & eat-in dining space. An abundance of natural light pours into the spacious living room with built-in custom shelving and perfect placement for a sizable TV. The primary retreat boasts a NEWLY remodeled 5 piece ensuite bath with NEW lighting, dual sinks, high-end stand-alone jetted soaker tub, spacious primary bedroom with vaulted ceiling, and a generous walk-in closet. The main floor also features 2 sizable secondary bedrooms with ample closet space. Both bedrooms can easily access to the full hallway bath that was NEWLY remodeled & features NEW subway tile shower surround & updated vanity. Enjoy additional space in the finished & permitted basement (2020) with a 4th bedroom, stunning full bathroom, large utility room with shelving included, second living room, and kitchen with SS refrigerator, large sink, and electric cooktop. The meticulously kept 3 car garage provides great storage for cars & tools alike. Out back enjoy a spacious patio, pergola w/wisteria blooms, daybed swing ideal for afternoon napping, & included shed w/electricity. This home is located in the 27-J School District with easy access to local dining & recreation, just minutes from Highway 85, Highway 7, & I-76. Don't miss your opportunity to own this incredible home, schedule your showing today!
Source: RECO #3158585
All values shown are estimated costs / mo.
Source: Public records
Source: RECO #3158585
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.
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.
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.
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.
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.
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.
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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