729 Rider Ridge Dr, Longmont, CO 80504
3 beds · 3 baths · 2,459 sqft sqft
Lovely custom 2-story home with meticulous attention to detail and quality craftsmanship in every element throughout the home. From the stone and frame exterior to the bright open interior floor plan. You will be greeted by the cozy front porch and the impressive front door to the home. The coffered ceiling and the bay windows enhance the dining room. There are beautiful hardwood floors in the dining room, main floor study and kitchen. The chef's kitchen features granite counter tops, smooth cooktop, stainless appliances including the quiet Bosch dishwasher, high quality cabinets with soft-close mechanisms, large island, reverse osmosis water filter system, and pantry. The kitchen combines both an eating bar and a dedicated space for a table creating a versatile and inviting space perfect for everyday meals and entertaining. The spacious great room with a gas fireplace, surround sound and abundant of natural light offers a blend of warmth and comfort. The double doors off the kitchen take you out to enjoy the extensive covered Trex deck for relaxation and to enjoy our beautiful Colorado weather. An added plus is the views of the mountains you will enjoy from the deck plus the luscious backyard. The primary suite also has mountain views along with a five-piece bath and walk-in closet. The two secondary bedrooms are good size with walk-in closets and have dual access to the large bathroom. Convenient main floor laundry room with utility sink. The walk-out basement is framed with electrical wiring and is ready for your finishes to make additional living space. It is designed to have a generous family room, a 4th bedroom, 3/4 bath and storage area. New roof and gutters were completed in 2023. The attached three car garage is a real plus. This Home Is Ready for You To Move In and Enjoy!
Source: RECO #ir1019157
Interest rate and monthly payment estimated based on public records.
Source: RECO #ir1019157
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.
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: #ir1019157
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