7774 Old Spec Rd, Peyton, CO 80831
2 beds · 3 baths · 1,736 sqft sqft
Imagine pulling into your own two-car garage after a long day, stepping into a beautiful 2-bedroom, +spacious loft, 2.5-bath home with 1,700 square feet of living space. The moment you walk in, you’re greeted by an airy, open floor plan, with sunlight pouring in from the large windows, making every corner of the living room feel warm and inviting. The kitchen is perfect for both everyday meals and hosting friends, with plenty of counter space and storage for everything you need. Just off the kitchen, there’s a cozy dining area that flows seamlessly into the living room, ideal for relaxing or entertaining. The downstairs also features a convenient half-bath and laundry room. Upstairs, two generously sized bedrooms offer plenty of room to unwind. The master bedroom comes with its own en-suite bath, creating a personal retreat for you to relax and recharge. The second bedroom also enjoys easy access to its own full bath, perfect for family, guests, or even a home office. A large loft area with potential for a third bedroom is also located upstairs. Now, imagine stepping out into your private, fenced-in backyard oasis. Whether it’s grilling out on a summer evening, letting your pets play, or simply enjoying a cup of coffee in the morning, this outdoor space is yours to enjoy however you wish. This house isn’t just a place to live—it’s a home where memories will be made. Book your viewing today!
Source: RECO #9538839
Interest rate and monthly payment estimated based on public records.
Source: RECO #9538839
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: #9538839
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