420 Macon Ave, Canon City, CO 81212
2 beds · 1 baths · sqft
Welcome home to this lovely 2 bedroom, 1 bathroom brick home built in 1898 with 1272 sq ft on the main level and partial cellar. This home was fully renovated in 2016, and has been updated even more with a new sewer line, high-efficiency furnace with air conditioning installed in 2020, hot water heater replaced in 2023, and new carpet just installed in living and dining rom! You will love the bright and airy feeling home radiates with its character-filled curved walls, large double pane windows, crown moulding, and high ceilings. Full bath is a Jack-and-Jill between the two large bedrooms, with mosaic tile flooring and subway tile. Also includes 1.5 car semi-attached garage with barn doors for projects, more storage, or toys! Beautiful high-end kitchen with tile floor, soft close cabinetry, solid-surface Corian countertops, and all kitchen appliances, along with stacked washer/dryer are included! Conveniently located in downtown Canon City, just one block from the library and Main Street. Very nice .12 acre lot with fenced backyard, and drive gate for alley access to garage. This home is filled with charm inside and out, with covered front porch and decorative awning adding to the curb appeal with rocked yard and sidewalk, and is now ready for its next lucky owner!
Source: PPMLS #7076875
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #7076875
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: #7076875
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.