11329 Avena Rd Peyton, CO 80831
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About this home
Spectacular two-story with a private backyard backing to an open area and views of the mountains. Shows like a model home. Gorgeous landscaping and newer exterior paint. Private backyard. Prepare to be impressed. As you enter the home there is a main level office with French doors, custom wainscot accent walls throughout, newer wide luxury plank vinyl flooring. Main level half bath with wainscot accent walls and a newer sink. The living room opens to a beautiful gourmet kitchen. Chefs delight kitchen features a gas range/oven, gorgeous granite countertops, custom enlarged kitchen island with lots of seating. There is a corner pantry, lots of work space, tons of storage, decorative backsplash, cabinets with crown molding and elegant pendant lighting. The slider off the eating area is adorned with plantation shutters leading to a large deck with composite material. The deck overlooks the gorgeous backyard, views and a vacant lot creating a private backyard oasis. Enjoy the covered patio, which is spacious enough for entertaining or relaxing. Make sure you look at the photos of the covered patio. The play- set, swing set, sandbox and storage shed under the deck are included. There is a wrought iron bannister leading to the upper level. Upstairs you will find three bedrooms, a full bath with newer flooring, spacious laundry room and a large loft. Nice size primary bedroom which features a double door entrance, 5-piece master bath and a walk-in closet. Both the secondary and third bedrooms are spacious and have walk-in closets. The bonus loft provides a great play area and a family room. The house has a generous amount of beautiful windows which allow lots of natural lighting. Well ventilated with ceiling fans and central air. Room to grow in the garden level unfinished basement. The basement has tall ceilings and is nice and bright with garden level windows. Add another bedroom, bath and family room.
Source: PPMLS #2203745
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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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