904 E 16th St, Greeley, CO 80631
3 beds · 2 baths · 1,260 sqft sqft
1950s farmhouse on 1.4 acre lot, ideal blend of country living and modern convenience. Featuring 3 bedroom, 2 bath home, 1,440 sq ft of living space. Updated laminate flooring, spacious enclosed laundry room, master suite complete with walk-in closet. Lower-level full bath has been recently remodeled, while the main floor upstairs includes a bedroom and full bathroom. Farmhouse kitchen offers views and a warm, inviting space perfect for everyday living. Outside, the grounds are bursting with amenities, perfect for those seeking space and versatility. Highlights include a 30x48 insulated and heated workshop with a 10,000-pound car lift, 220v power (100 amp service), large 10ft x 14ft garage door, and plenty of space for projects. Adjacent is a convenient two-car carport with an attached shed and a separate two-car garage for additional storage or for your everyday commute vehicles. For agricultural and hobby farming enthusiasts, this adjudicated property is approved for water use to support various activities, including maintaining crops, keeping farm animals, and irrigating the land as needed. This valuable feature offers flexibility for agricultural pursuits and hobby farming, making it ideal for those seeking a rural lifestyle with the water resources to sustain it, and plenty of room for livestock of your choice. Property offers boundless potential that also includes the "Mineral Rights". There is an RV station with electrical, water hook-ups, and separate 600-gallon dump tank, making it easy to accommodate guests with RV. Enjoy peace and privacy among the mature trees that provide shade and natural beauty. Fully fenced grounds includes a small barn, enclosed area, and storage shed, new septic system boasts a 1,500-gallon capacity and new leach field, and the new well pump and Pex piping has been recently done for worry free living. Enjoy a lifestyle with endless possibilities whether you're looking to expand income potential or embrace country living.
Source: RECO #IR1021380
Interest rate and monthly payment estimated based on public records.
Source: RECO #IR1021380
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: #IR1021380
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