381 Mt Bross Ave, Severance, CO 80550
4 beds · 3 baths · 1,811 sqft
Get a free consultation call with an expert in the mortgage assumption process.
** Seller Motivated OFFERING Buyer Credits ** VA Assumable loan** Own this 4 Bed, 3 Bath home conveniently located near Schools and Shopping. Enjoy a small town feel and modern conveniences boasting an Open space view from your front patio! Real wood floors invite you in through the front entry foyer showing off the Garage entry and coat closet. The first 2 bedrooms are accessed through a hallway framing the full shared bath with a dedicated closet. One level living just got easier with a Remodeled Kitchen, all Stainless Steel appliances included; Gas double oven, microwave, Pot filler, Deep Oversized sink, Quartz countertops, Pantry, and massive Kitchen Island with bonus Storage. Entertaining is easy year round with vaulted ceilings, lots of windows to let the light in, and thermal shades! Oversized furniture is welcome here in the expansive open concept living, kitchen and dining area. Enjoy your Privacy with the separate Primary and ensuite with walk in closet across from the main floor laundry room. Partially finished basement with egress windows is ready for your finishing touch. Separate utility room with RADON installed, and separate storage room have been completed for you! The finished Basement showcases the 4th Bedroom with a large closet, egress window as well as its own 3/4 Bathroom. Utilize the 3 Car Garage, all storage shelves, hooks, lighting, 220 and racks that are included! **Front and rear Sprinklers** Irrigation and non-potable water included in Metro Dues Washer and Dryer Included
Source: RECO #2936695
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 #2936695
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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