3585 Barkwood Dr, Johnstown, CO 80534
3 beds · 3 baths · 2,214 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This beautiful 3-bedroom, 3-bathroom home on a corner lot with unobstructed views of the Rockies, is a deal that you shouldn't pass up! Step into the spacious, open interior, filled with natural light streaming through the 39 windows with beautiful views. Since this custom home was built in 2021, it has had an additional $50,000 worth of landscaping and updates, making it one of the most unique and well designed homes in the area, at a price that all but guarantees instant equity. The main level features a spacious office, ideal for working from home, and an expansive open-plan living area with a large kitchen island, and walk-in pantry. The kitchen has an upgraded induction oven, a new refrigerator, pull-out shelving in the cabinets, and gorgeous granite countertops. Outdoor living is a real highlight, with multiple options to relax and unwind. Whether on the deck, front balcony, porch, or back patio, you'll easily find a spot to enjoy the views, shade, or enjoy the sunlight. The home also features Trex decking, a storage shed for all your tools, and a drip irrigation system to keep the xeriscaped yard low maintenance and lush. The vibrant community surrounding this home offers unparalleled amenities. Located directly across from a pre-K–8 school, it boasts a clubhouse with a gym, two pools, parks, walking paths, and even a frisbee golf course. Shopping and dining are just five minutes away, while Old Town Loveland is a quick 15-minute drive. For nature enthusiasts, Highway 34 provides easy access to Big Thompson Canyon and Rocky Mountain National Park. Plus, freeway access right outside the neighborhood ensures seamless connectivity. This is a dream home, priced to sell! Check out the walkthrough video here https://www.youtube.com/watch?v=hJznnZHscjc.
Source: RECO #3049515
Source: RECO #3049515
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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