3920 Farabaugh Ln, Pueblo, CO 81005
3 beds · 2 baths · 1,836 sqft
Welcome to your dream home in Highland Park! This stunning ranch-style property features FOUR bedrooms, TWO bathrooms, an attached garage, and a full finished basement, offering ample space and modern comforts. As you approach, you’ll be greeted by beautiful mature trees, a lush lawn, and a stamped concrete-edged driveway. The stamped concrete patio and one-car garage add to the home’s charming curb appeal. Step inside to a warm and inviting living room, highlighted by a large floor-to-ceiling stacked stone electric fireplace, perfect for cozy evenings. To your left, you’ll find two spacious bedrooms and a full bath. The main level bathroom boasts LVP floors, a large single vanity sink, and a stylish subway tile inlay shower/tub. On the right side of the living room, the kitchen awaits. Completely updated, it features newer cabinets, stainless steel appliances, a tile backsplash, and stunning granite countertops, making it a chef’s delight. From the kitchen, head down to the fully finished basement. Here, you’ll discover another full-sized bedroom with its own full bath, complete with tile floors, a large single vanity, and a tile inlay shower. An additional non-conforming bedroom, perfect as a home office or guest room, is also located on this level. The basement also houses a large utility/laundry room and a spacious family room with a floor-to-ceiling brick wood-burning fireplace, ideal for gatherings. The backyard is a private oasis with mature landscaping and a large covered patio, perfect for outdoor entertaining. The property is fully fenced, ensuring privacy and security. Additional features include central air conditioning for year-round comfort. This home has been meticulously maintained, showcasing true pride in ownership. Don’t miss out on the opportunity to own this amazing home!.
Source: PPMLS #8328364
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #8328364
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: #8328364
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.