4307 ST ANDREWS DR, Pueblo, CO 81001
This amazing, newly renovated, Mediterranean estate home, is not to be missed. This five-bedroom home, in the Walking Stick subdivision in Pueblo, offers spacious and comfortable living in a picturesque setting. Nestled among the scenic views, this home features a modern design with ample natural light and open living spaces. The main floor includes a gourmet kitchen with a deep pantry, a formal living room with a two-sided fireplace, a formal dining area, and a casual dining space, attached to a second living room, that is nestled next to the kitchen. There is even a separate office/bonus room. You will find a luxurious owner’s suite with access to the private terrace retreat. There are indoor/outdoor speakers throughout the home. The owner’s bathroom is like its own spa with heated towel bars and floors, a shower big enough for two, and a luxurious bath. The four additional bedrooms are perfect for guests, a growing family or whatever your heart desires for those spaces. Outside, the property boasts a fully landscaped yard, apple tree, and separate patio for outdoor dining right off the kitchen. Are you a movie buff? Do you like watching your favorite shows on a big screen? Hidden in the finished part of the basement is a theater room with a large adjoining room. The fifth bedroom and a full bathroom occupy the remaining finished area in the basement. Bonus features include access to community amenities right across the street. The community center boasts a clubhouse (that can be rented for parties), pool and tennis courts. The neighborhood also offers an exceptional golf course, walking trails and parks. Ideal for those seeking both tranquility and convenience, this home offers the perfect blend of comfort and style.
You may be able to put down less than the total down payment amount of $299,637 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #1601560
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