1391 Ute Trl Como, CO 80432
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About this home
Take a look at this updated log cabin in the Indian Mountain subdivision of Como with beautiful Aspen and Bristlecone Pine Trees. a 5 acre double lot and a two car detached garage. The heated garage will be a great place for winter projects and there is ample storage space in lft above. The wrap-around deck has recently been fortified and the cabin, garage and outbuilding all have new exterior paint. The bath has been updated with a walk in shower and the kitchen has stainless appliances, a farm sink, butcher block counters, and there is new LVP flooring in the main living area.There are large windows in the living room to take in the stunning vistas and the cabin has T&G Beetle Kill Pine throughout. There is a wood burning stove for the chilly winter nights and a forced air furnace. The home also features a new grid tied (pay-back) solar system (virtually no electric bill) and a solar powered attic vent fan. Several outbuildings are on the property and include a sauna/storage shed wood burning stove. In the back of the property is yoga shed or kid's play house, ready to go. The property is on county maintained roads only one hour from skiing in Breckenridge and just minutes from Spinney and Elevenmile Reservoirs. National Forest, State and BLM land are nearby. Don’t miss this great opportunity to purchase a home perfect for summer vacations, a weekend getaway, or a full time residence. The 5 Acres consists of 2 acres with improvements and a 3 acre lot that can be sold or built on. If you are looking for a quiet place in the mountains 1391 Ute Trail in Indian Mountain will not dissapoint.
Source: RECO #6409054
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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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