414 Scranton Ave, Pueblo, CO 81004
5 beds · 2 baths · 2,831 sqft
Charming and spacious, this 5-bedroom, 2-bath ranch-style home offers over 2,800 sq. ft. of living space and is located in the desirable Central High School area. This well-maintained home features real hardwood floors, built-in storage, and a thoughtfully designed layout. The inviting living and dining area boasts a built-in hutch, large windows, and ceiling fans for comfort. The kitchen includes wood laminate floors, a large center island with concrete counters, floating shelves, and stainless steel appliances, including a built-in oven and separate cooktop. The main level features two bedrooms, including a primary suite with a walk-in closet, ceiling fan, and a charming block accent window. The full bathroom is beautifully updated with wood-grain tile, a custom vanity with a bowl sink, and a clawfoot tub with a rain shower head. The huge bonus/family room, also on the main level, is a standout feature, with vaulted ceilings, skylights, a bay window with a built-in seat, and direct access to the stamped concrete back patio through french doors. The backyard is fully xeriscaped with gravel, mulch, and rock, offering low-maintenance landscaping. A fenced garden or dog run, alleyway access, and a small shed add to the outdoor appeal. A gate allows for RV parking in the backyard. Back inside, the downstairs features a fully finished basement with three additional bedrooms, a Jack-and-Jill-style bathroom with a tiled walk-in shower, a separate soaking tub, and ample storage. The expansive fifth bedroom could also serve as a second family room, featuring two closets, in ceiling lighting, and two windows for natural light. Additional highlights include a new roof (2021), paid-off solar panels, a new radon mitigation system, a sprinkler system in the backyard, and a newer furnace and water heater. Exterior paint was completed two years ago. Great central location close to schools, shopping & dining. Easy access to I-25.
Source: PPMLS #8358877
Financials
Source: PPMLS #8358877
Source: Public records
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%. 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.
Other resourcesWhat 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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