611 SAWYERS POND DR, Severance, CO 80550
Basically brand new and ready for you to move in! Assumable Mortgage with a low interest rate. This floor plan is chefs kiss good! South facing windows drench the open floor plan with natural light. You and your plants are guaranteed to love the cozy sun drenched living room. Just off the living room you will find the bright, spacious kitchen featuring granite counter tops, large kitchen island, stainless steel appliances, plenty of storage in the cabinets and spacious pantry. There is even a true dining room to fit your dining room table! Powder bath located on the main floor so you never have to miss a second of the Bachelor! Luxury vinyl laminate flooring throughout the main floor. Head out back to enjoy your morning coffee on the patio! Backyard is landscaped for you so plan your end of summer party now! Upstairs you will find a loft perfect for extra storage or work from home office. Primary Bedroom features an ensuite full bath and the walk in closet of your dreams and is situated with some distance from the other bedrooms for just enough privacy. The other two bedrooms are ample sized and situated with a full bath just across the hall. Laundry is also located upstairs so no hauling it up and down the stairs. You are bound to fall in love with quiet small town living in Severance located 15-20 minutes outside Old Town Fort Collins and minutes from downtown Windsor. The community park just outside the Tailholt neighborhood is where the town hosts farmers markets, summer concert series and seasonal events! You could ride your bikes there. There is even a dog park and playground! Check out the virtual tours!
You may be able to put down less than the total down payment amount of $31,509 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: #ir1017387
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