67671 E 48TH AVE, Byers, CO 80103
Welcome home to this spacious ranch-style home on 39.19 acres on the gorgeous plains of Byers, CO. This 6 bedrooms,4 bathroom home with two kitchens, newly finished basement with separate entrance and expansive views of the frontrange is the perfect place to settle in and make some memories! An easy 30 minute drive from the amenities of Denver,while maintaining beautiful, quiet country living. Enjoy the stunning views of the front range and magnificent Colorado sunsets. As you enter this inviting home you are greeted by an open living space that includes a foyer, formal dining room, living room with fireplace, kitchen and breakfast nook. The kitchen is open and bright with stainless steel appliances, an expansive island and lots of cabinet space. Next to the living area is the main level primary bedroom with attached 5-piece ensuite bathroom. Also included on the main level are two additional bedrooms, office, laundry room and an additional full bathroom. The basement of this home was recently finished and provides you with another 1875square feet of living space! The basement includes its own separate entry making this home perfect for multi generational living. The space includes a kitchen with brand new appliances, an eat-in dining room, living room,laundry room, office space, safe room, three large bedrooms and two additional bathrooms. The rest of the property is sure to amaze you as it includes a 1600 sq foot workshop with finished office and storage loft, recently installed (2022)new AC and furnace for the main house, stables for your animals, fenced livestock areas, chicken coops and so muchmore! Bring your animals, RVs, toys and more! Come see this amazing property today and see all that this beautiful are and home have to offer!
You may be able to put down less than the total down payment amount of $278,621 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: #4885699
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