3892 Sweetgum St, Wellington, CO 80549
3 beds · 3 baths · 2,347 sqft
Welcome home to this lightly lived in and beautifully upgraded Yellowstone floor plan, built by Hartford Homes. No metro tax, community pool, and routing into PSD, the location is convenient to Fort Collins and WY! With an open-concept layout, this home is perfect for both everyday living and entertaining, and offers modern convenience and thoughtful details throughout. Step inside to discover luxury vinyl plank floors throughout the main, a cozy office or reading nook, new light fixtures, new hardware, and a stylish back-lit stair rail that adds charm and elegance. Interior design features were thoughtfully added, elevating the space and creating warmth and style. The gourmet eat-in kitchen features quartz counters and all S/S appliances, including a double oven/range. Pullout trash and recycle bin are discreetly tucked into the spacious island. The roof was replaced with Class IV impact resistant shingles in 2022, and the home includes a Nest Thermostat and an owned alarm system for peace of mind. Upstairs, the spacious loft area provides a beautiful second living space. Ceiling fans have been added in all bedrooms for comfort year-round. Outside, enjoy spring days entertaining on the covered patio and a new concrete paver patio! The yard is completely landscaped and includes a French drain . New solar lights enhance the exterior, while the non-potable water system helps reduce irrigation costs. The oversized 3-car garage includes a Smart garage door opener, a garage camera, and a mudroom area, just inside the home, for added convenience. The unfinished basement provides endless potential for customization. Plus, a radon mitigation system and a water sensor in the basement contribute to a safer home and reduced insurance costs. Ask about the VA assumable loan today!
Source: RECO #IR1029640
Financials
Source: Public records
Source: RECO #IR1029640
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.
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.
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