611 Sawyers Pond Dr, Severance, CO 80550
3 beds · 3 baths · 1,717 sqft
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!
Source: RECO #IR1017387
Interest rate and monthly payment estimated based on public records.
Source: RECO #IR1017387
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: #IR1017387
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