5641 TAYLOR LN, Fort Collins, CO 80528
Executive home situated on a cul de sac lot backing to the 4th and 8th fairways of the prestigious Ptarmigan Country Club which is a Jack Nicklaus signature course. Own your slice of paradise on .45 acres with a water feature plus endless golf course views. Step inside and enjoy all hardwood and tile flooring and crown moulding throughout much of the first level. The gourmet kitchen features a large island, stainless appliances, built in oven and microwave, cooktop, eating nook and granite counter tops with large picture windows to enjoy the golf course view plus so much storage. The formal dining room is ready for entertaining your next holiday event. The cozy living room with crown moulding, gas fireplace with built in cabinets and shelving provides access to the sun room. The @270 sq ft sun room is not included in the square footage and runs across the back of the home where the outdoors comes to life. So much natural light pours in from every room. Rounding out the main level is a bedroom, full bath and mud room off the garage. A 2nd floor balcony runs across most of the upstairs with access from both upper bedrooms. The primary bedroom suite overlooks the golf course with a walk in closet, 5 pc bath, private siting area and coffee bar. The 4th bedroom is non-conforming and is currently set up as an office which could easily be converted. Watch the sunset from the second level front balcony. The mostly finished basement could work as a mother-in law retreat or an extra family room/home theater with wet bar and eating area along with a wine room/wine cellar all decked out in a rustic Tuscan decor. There is a full bath in the basement, cedar closet and unfinished utility room for storage. Plenty of space in the basement to section off for a 5th bedroom. The oversized 2 car garage has extra space and a rear garage door for a golf cart. Beautiful mature landscaping with concrete edging. Make this unique property your home today!
You may be able to put down less than the total down payment amount of $330,175 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: #8721386
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