14700 County Road 100 Nunn, CO 80648
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About this home
SHORT SALE OPPORTUNITY ON 5 ACRES. NEW PRICE! *** Come enjoy the best of country living on 5 acres right here in Nunn. *** The property is zoned for livestock, so if you've ever dreamed of having animals, this is your chance! Plus, It's just under 30 minutes to major cities, so you get that quiet country lifestyle without losing convenience. *** You'll love that this place has city water as well as an upgraded water filtration system in the home. *** The primary bedroom and bathroom have fresh luxury vinyl plank flooring, and the home sits on a permanent foundation with a crawl space. For year-round comfort, you're set no matter the season with central air (2020) and a cozy gas fireplace. *** The kitchen is oversized, with plenty of storage and countertops and the dining area could easily fit 8 people. You also get the added bonus of a family room and living room. *** Outside, you'll find a fully fenced backyard with hookups for a hot tub and generator, plus two storage sheds-one even has power. *** For outdoor living, there's a covered picnic spot that's perfect for soaking up those mountain views and Colorado sunsets. The home does have a bit of deferred maintenance, but that makes it a great fit for buyers with vision who want to add their own touch. The seller is ready for a quick close, so come take a look and see the potential waiting here!
Source: RECO #IR1045998
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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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