3942 Elk Ln, Pueblo, CO 81005
4 beds · 3 baths · 2,036 sqft sqft
Welcome home! This beautiful 2 story home with 4 bedrooms and 3 bathrooms has been recently updated with many great features and is ready to be yours just before the holiday season! When you enter the home you are immediately greeted by beautiful natural wood floors and durable luxury vinyl in the main living area. The huge windows let in tons of natural light that keep the home bright and warm all day long. The main level offers fantastic living and entertaining space with a half bath, a large living room, and a chefs dream kitchen that transitions to a fully xeriscape back yard that includes a pergola and a greenhouse for all your outdoor needs. The kitchen and bathrooms have been updated to include features like refinished cabinetry, handles and pulls, custom tile backsplash in the kitchen, quartz countertops and beautiful new lighting features throughout. Both inside and out you will find surround sound speakers. The basement offers a large bedroom which can also be used for office space or entertaining based on your unique needs. On the upper level you will find three total bedrooms including the master, all with natural wood floors and ceiling fans, as well as 2 bathrooms. The master has an attached master bath which has double vanity and an oversized tub and shower combo. Recently updated air conditioning unit allows for comfortable temperatures year round and a brand new water heater will give you comfort and peace of mind. Situated in a quiet neighborhood you can relax and unwind knowing you are just 5 minutes from I25 and all that southern Colorado has to offer. With tons of shopping and dining just minutes away you will have everything you need! Set your showing today to preview the home you will love for years to come!
Source: PPMLS #2832630
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #2832630
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: #2832630
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.