439 Aspen Dr, Bailey, CO 80421
3 beds · 2 baths · 2,009 sqft
Tucked into the Foothills of The Rocky Mountains your shire awaits! Pride of Ownership throughout the home and truly turn key ready. Open sunny floor plan with amazing mountain views! Imagine evenings on your private deck watching the wildlife and sunsets glistening off the mountain peaks. The amazing fireplace in the living room sets the tone for cozy evenings! All of the homes major items have been updated to include Vinyl flooring throughout the main level, carpet, updated lighting, stove, hot water heater, furnace, patio and stone pathway, roof & gutters in 2023 on home, shed and detached garage/workshop. The lower level walkout allows very easy access to the backyard and hot tub. Enjoy soaking in the private hot tub and taking in the beautiful mountain views. The detached "She Shed" is the perfect place to have a home office or a private craft room. The detached garage/workshop approx 943 Sq Ft with built in shelving is stunning with plenty of space to store vehicles and all the toys. Ample parking for an RV and additional vehicles. The fenced in dog run is an added bonus. The home is located within 10 minutes of Hwy 285 offering a very easy commute. Enjoy the numerous hiking and biking trails located within Bailey & Conifer. If you are searching for that perfect mountain home, your search is over Welcome Home! **Home is currently eligible for State Farm Insurance**Assumable Loan Opportunity at 4%
Source: RECO #2870124
Interest rate and monthly payment estimated based on public records.
Source: RECO #2870124
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: #2870124
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