561 TEN GALLON DR, Berthoud, CO 80513
Discover the elegance of this exceptional ranch home nestled in the heart of Prairie Star. Upon entering, you'll be greeted by a grand entryway with wood floors and soaring ceilings. The open and flowing floor plan features a chef's kitchen at its heart, complete with large granite island, gas cooktop, ample cabinet space, and pantry. The kitchen seamlessly connects to a light-filled dining and great room, perfect for both entertaining and everyday living. The home boasts tall ceilings and expansive windows throughout, bathing the interior in natural light. The great room is generously sized and inviting. The luxurious primary suite is thoughtfully located on one end of the home, with an en suite bath and spacious walk-in closet. On the opposite end, you'll find two additional bedrooms and a bath, offering privacy and convenience. Enjoy one level living with laundry and separate mudroom/cubby area leading to the garage. The garage is a standout feature, drywalled, spacious, with high ceilings, a workbench, and including a 220-volt outlet for EV charging. Relax and entertain on the covered back patio, overlooking the beautiful fenced yard. Prairie Star is a premier neighborhood with pickleball, tennis & basketball courts blocks away from your new home, as well as play areas, open spaces, community gardens, and dog parks, with miles of hiking/biking trails nearby. Let's talk about location: this standout neighborhood is located just across the street from TPC Colorado Golf Course, walking distance to Starbucks, and is conveniently located at the crossroads of Boulder, Fort Collins, and Greeley, close to I-25, less than an hour from Rocky Mountain National Park and Longs Peak, and minutes from numerous lakes and reservoirs including Berthoud Reservoir, Boyd Lake State Park, Carter Lake Reservoir, as well as downtown Berthoud, which boasts many charming and undiscovered eateries. Plus, this home features an assumable VA loan at 3.5%—ask for details!
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: #4210672
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