Featured
Featured
896 S PRAIRIE DR, Milliken, CO 80543
OPEN HOUSE THIS SAT 10-12!! Welcome to Settlers Village. Step inside this beautifully maintained home, boasting over $30k in builder upgrades that make it feel like new. The main level features durable LVP hardwood floors and a sun-filled, open floor plan that leads to a modern kitchen. Here, you'll find 42-inch upper cabinets, sleek quartz countertops, and state-of-the-art Slate appliances. Your private sanctuary awaits upstairs in the master suite, complete with a spacious walk-in closet and a fully tiled shower. Fresh paint throughout the home enhances its new-like feel, while two additional bedrooms and a full bathroom with dual sinks offer ample space for family or guests. All new matte black lighting, ceiling fans, and kitchen faucets add a contemporary touch, while the convenient upstairs laundry room makes chores a breeze. The fully finished basement is perfect for entertaining or hosting guests, featuring a bedroom, full bathroom, and a cozy living room with a dry bar and quartz countertops. Outside, the three-car garage offers a 1200BTU mini split for heating and cooling, along with a hot/cold bib for easy car washing. Relax on the expansive 900-square-foot patio, surrounded by a fully landscaped yard with planter boxes, drip lines, and a full sprinkler system. Updated landscaping includes brick edging and a large sand pit, while an 8x10 shed provides additional storage. Neighborhood Pool is free to residents! Conveniently located with easy access to Longmont, Windsor, Fort Collins, Boulder, and North Denver, this home is near walking trails, bike paths, and neighborhood parks. Don't miss out on this incredible opportunity!
You may be able to put down less than the total down payment amount of $87,617 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: #ir1014725
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