597 TRISTAN PL, Berthoud, CO 80513
Home with Assumable 515,000 loan at 3.4%. Call listing agent for more information, what an incredible opportunity for the right buyer! This corner lot Heritage Ridge home with mountain views is one to not miss. This home is located just a couple hundred Feet from the community pool and clubhouse which is one my favorite aspects. Massive windows flood home with natural light throughout the day, enhancing the inviting atmosphere. The dining room boasts designer lighting, while the chef's kitchen is a dream with a gas cooktop, convection oven, quartz countertops, upgraded Samsung black stainless steel appliances, a glass tile backsplash, and a large island perfect for gatherings. The kitchen flows into a spacious living room, complete with a fireplace and access to the already manicured and vegetable garden filled backyard. Pergola already installed for unforgettable sunset dinners outside. The master suite features built-in shelving in the walk-in closet, barn doors, mountain views, and a luxurious master bath. Newly installed high-end carpet, padding, and luxury flooring add comfort and style. Conveniently, the upstairs laundry room is equipped with an LG high-capacity washer and dryer. The finished basement offers a generous family room, a 4th bedroom, and an additional bath. Outside, the expansive backyard is perfect for entertaining and enjoying beautiful sunsets. The home includes Sunrun solar panels, compatible with an electric car charging system and a battery bank capable of powering the home for up to a week. Additional upgrades include an Ecobee smart thermostat, a Ring security doorbell, and August keyless door locks. Situated in a picturesque tree-lined neighborhood, the home is close to community pools, walking trails, shopping, and dining options.
You may be able to put down less than the total down payment amount of $141,339 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: #3037533
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