806 N Orchard Dr
Pueblo, CO 81007
4 beds · 3 baths · 2,546 sqft
$390,000
Get prequalifiedAbout this home
Welcome to this stunning, fully updated 4-bedroom, 3-bathroom home nestled on a sprawling acre lot. This charming property boasts a spacious interior and offers the perfect blend of modern amenities and classic elegance. Upon entering, you are greeted by a bright and inviting living space, accentuated by large windows that flood the room with natural light. The open-concept floor plan seamlessly connects the living area to the gourmet kitchen, complete with sleek countertops, stainless steel appliances, and ample cabinet space. The main level also features a generous master suite with a luxurious en-suite bathroom, creating a private oasis for relaxation. Additionally, three well-appointed bedrooms and two full bathrooms provide plenty of space for family and guests. The fully finished basement offers a versatile space for entertaining, recreation, or storage, and presents an opportunity for further customization to suit your lifestyle. Outside, the expansive acre lot provides ample room for outdoor activities and the potential for gardening, landscaping, or even the addition of a pool or outdoor living space. With its modern updates, spacious layout, and generous lot size, this property presents an exceptional opportunity to enjoy the best of both indoor and outdoor living.
Source: PPMLS #4603466
Neighborhood
FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.