3705 Dry Gulch Rd, Evans, CO 80620
4 beds · 3 baths · sqft
This is where comfort meets modern living... Nestled in the heart of Evans, Colorado this charming home features four spacious bedrooms and three full bathrooms, with a beautifully finished basement ideal for relaxation or entertainment. Recent updates in the kitchen showcase both style and convenience with newer appliances, ensuring a modern and efficient culinary space. One of the home's unique conveniences is the placement of the washer and dryer on the second floor, adjacent to the bedrooms. This thoughtful design eliminates the need to carry laundry up and down stairs, making laundry day much more manageable. The design embraces both modern comforts and the rustic charm typical of this historical town, named in honor of Colorado's territorial governor, John Evans. The interior is bathed in natural light, likely through large windows that might offer views of the picturesque surroundings, a nod to the area's scenic beauty. Evans, known for its multicultural heritage and community spirit, provides an environment where family living thrives. The neighborhood's history, including the legendary night-riders' escapade with county records, adds a layer of intrigue and local lore to the property's appeal. Positioned for both convenience and tranquility, this home is close to essential amenities including schools in the reputable Greeley School District No. 6. With easy access to major highways, residents enjoy quick commutes to Denver and other Front Range locales while having the advantage of Riverside Park for outdoor activities. This listing isn't just a house; it's an entry into a community rich with history, diversity, and potential for enjoyment and growth.
Source: RECO #2717926
Interest rate and monthly payment estimated based on public records.
Source: RECO #2717926
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: #2717926
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