110 Meadow Ln Fort Collins, CO 80524
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About this home
If the mountains are calling you, this adorable cabin is for you. Enjoy year round access with all the amenities of phone, electric, satellite internet, Directv, well and a septic. Nestled in the pines on 4 lots totaling .95 acres, this timber frame/log cabin has Poudre River access and Hasken-Fry water rights for lawn irrigation. Warm wood floors, open beams, 2 antler chandeliers, and wood plank ceilings add charm to the interior of the cabin with a fireplace with woodstove insert for cozy nights by the fire. The kitchen has all appliances included, a breakfast bar and an antique cook stove. The main level has a primary bedroom, 1 1/2 baths, and a mud/laundry room with washer and dryer included. On the second level you will find a spacious loft bedroom. In addition to the main house, there is a 605 sq. ft bunkhouse/shop with a wood stove, room for overnight guests and a 1 car attached garage. Spend evenings stargazing on the patio. A large deck has views of the mountains. Store your gear in the 218 sq. ft shed. Fish, hike and enjoy wildlife right outside your door. Great family retreat or year round home!
Source: RECO #IR1037355
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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.
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