620 Peyton Dr, Fort Collins, CO 80525
4 beds · 3 baths · 2,275 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Come find your sanctuary in this exceptionally remodeled home! Start with a smart floorplan design, add in a well thought out and executed remodel that hits all the right spots, and finish it off with several great additional features and you have a home that needs nothing but you. Recently updated kitchen with contemporary gray, white and black tones, quality cabinets, highly upgraded appliances from Bosch, GE, and KitchenAid, and a fantastic nook provide you with a stunning area to create & gather in. This flows effortlessly into a large family room with multiple furniture configurations available to suit your style. Convenient main floor office, laundry and updated half bath. Main floor has engineered hardwood flooring throughout which is both beautiful and easy to care for. Entire interior has also been recently painted with a soothing gray tone. Lights and fans in every room are well-appointed. Move upstairs to the large primary suite where you will find the beautifully remodeled primary bath complete with oversized shower, double vanity, walk in closet, & a decorative barn door. Don't forget the lighted mirrors - makes getting ready a breeze! Secondary bath has been tastefully updated as well. Three additional bedrooms upstairs are sizable and highly functional. Enjoy a large patio & deck complete with a level set hot tub in the backyard. Enjoy peaceful moments soaking in the warm water or enjoying time on the deck. Full unfinished basement gives you another 1,100sqft with which to make your own. New tankless water heater, digital thermostat, Tesla/Solar City solar system makes the home more efficient and comfortable. Solar system will be paid off at closing which provides instant savings on the electrical bill the day you move in. Nearby neighborhood pool & park, city community park, trails, and award-winning Coyote Ridge Elementary are notable amenities. Home has been pre-inspected for your peace of mind. This is a complete home package - it just needs you!
Source: RECO #IR1029219
All values shown are estimated costs / mo.
Source: Public records
Source: RECO #IR1029219
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
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