32 Macarthur Rd, Pueblo, CO 81001
5 beds · 4 baths · 2,896 sqft sqft
Spacious 5-Bedroom Home with Investment Potential This large, 5-bedroom, 4-bathroom home offers plenty of space for the whole family and is packed with potential for the handy buyer ready to invest a little sweat equity. The open-concept kitchen flows beautifully into the living room, creating the perfect space for entertaining and family gatherings. One of the bedrooms even features a separate entrance, ideal for enhanced privacy or a potential home office. For those priced out of the Colorado housing market, this property provides an incredible opportunity to own a large home at an affordable price. Whether you’re an investor or a first-time homebuyer looking for a project, this home presents a rare chance to customize a spacious property to your liking. The basement adds another great feature, with a built-in bar that's perfect for entertaining. Outside, the spacious backyard is fully equipped with a separated dog run and a custom-built room for your four-legged friends. Plus, the owned solar panels help offset utility costs, and the home is heated with efficient baseboard heating from a boiler, offering comfort and cost savings during the colder months. Key Features: 5 large bedrooms, including one with a separate entrance 4 full bathrooms Open kitchen connected to the living room, ideal for entertaining Basement with a built-in bar Owned solar panels to help reduce utility expenses Efficient baseboard heating from a boiler for cozy, cost-effective warmth Spacious backyard with a dog run Excellent potential for first-time buyers or investors Don't miss this rare opportunity—properties like this don’t come around often! Contact us today to schedule a viewing and start building equity in your dream home.
Source: RECO #3720465
Interest rate and monthly payment estimated based on public records.
Source: RECO #3720465
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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 “Get Notified” 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 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.
MLS ID: #3720465
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