11450 Avena Rd Peyton, CO 80831
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About this home
PEYTON GEM with GORGEOUS LANDSCAPING! From the moment you arrive at the home you are drawn in by the well kept lawn that has both xeriscaping and greenery. Entering through the covered front porch the home opens to an open floor plan living, dining, and kitchen area. At the front of the home an office space creates the perfect environment for at home workers. The living room has carpet flooring allowing the space to be set in its own zone in the open plan. The dining and kitchen area have wood like flooring and walk-out access to the back yard. The back yard is also beautifully landscaped with two pergolas on either side of the back patio for much needed shade during the summer months. Back inside the eat-in kitchen has a barstool height center island, rich mahogany colored cabinetry with ample storage space, stone counter tops, and stainless steel appliances. Finishing the main level is a half bath. The upper level has all three bedrooms including the master suite and a large loft. The loft is currently being utilized as a family room but has many possibilities depending on needs. The master suite is expansive with a seating area and ensuite bath that features a bathtub, dual vanity, stand alone shower, and large walk in closet. Bedrooms two are also on the upper level and three share a full bath. This home is absolutely stunning from the outside to the inside and ideally located. Peyton offers great shopping and eating and continues to grow along with the surrounding community.
Source: PPMLS #2118496
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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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