8439 13th Street Rd, Greeley, CO 80634
4 beds · 3 baths · 2,186 sqft
Why wait for new construction when you can own this better-than-new home with high-end upgrades already in place? Assumable VA loan with a LOW 4.5% interest rate for VA buyers! The sellers have invested significantly in thoughtful enhancements and custom touches you won't find in a base-model new build. From brand-new luxury vinyl flooring and modern railings to energy-efficient windows and a 3-panel patio door, every detail has been carefully selected for style and functionality. Enjoy the benefits of a fully landscaped yard, window treatments, and a HUGE custom patio. Perfectly situated at the end of a quiet cul-de-sac adjacent to HOA open space for enhanced privacy. Step inside to discover a freshly painted and spacious open floor plan, designed for effortless flow. A well-equipped kitchen boasts modern appliances, ample counter space, and a breakfast bar. The adjacent dining area provides a welcoming space for family meals or entertaining friends. The family room is an ideal spot to relax, featuring a new 3-panel door that provides views of the backyard and access to the new custom patio. Upstairs, you'll find four generously sized bedrooms with new windows, including a primary suite with its own ensuite bath and walk-in closet. The potential of this home extends to the unfinished basement, a blank slate ready to be customized into additional living space or extra storage. Escape to your fenced backyard oasis. The extended concrete patio is the perfect setting for outdoor gatherings. Trails at Sheep Draw has neighborhood parks and trails where you can enjoy a scenic evening stroll. Sought after West Greeley location, near the new Twin River development, this home promises an enriched lifestyle with future access to restaurants, coffee shops, shopping, and the proposed Eagles Arena. Only 15 mins to downtown Greeley, 15 mins to I-25 and Centerra Shopping district in Loveland, and approx 25 mins to Costco and Fort Collins. No Metro District! Upgrades List attached
Source: RECO #IR1029417
Financials
Source: Public records
Source: RECO #IR1029417
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.
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.
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