3773 Mount Flora St, Wellington, CO 80549
3 beds · 2 baths · 1,040 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Charming single-level home beautifully situated with a backyard that backs to an open area, offering added privacy. Inside, vaulted ceilings create a bright and open atmosphere, making the main living space feel even larger while providing a comfortable and inviting space to relax. The kitchen is equipped to handle all your culinary needs with ease, featuring granite countertops, stainless steel appliances, and a pantry for ample storage. The home includes three well-appointed bedrooms, with the primary suite offering extra comfort with its larger closet space and an ensuite bathroom. Relax and unwind in your own private outdoor retreat! Newly planted trees and shrubs bring vibrant greenery to your fenced yard, while a stylish pergola elevates your patio experience. Planter boxes offer space for gardening. Your HOA dues include the irrigation water for your sprinkler system. Enjoy the fresh Colorado air with nearby trails, parks, and open spaces, offering endless opportunities for walking, biking, and soaking in the scenery. Plus, with quick access to I-25 and just a 20-minute drive to Old Town Fort Collins, you're never far from shopping, dining, and entertainment.
Source: RECO #IR1030318
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: RECO #IR1030318
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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