1518 Sepia Ave Longmont, CO 80501
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About this home
Welcome to 1518 Sepia Ave – a beautifully maintained townhome located in the heart of Longmont, offering the perfect combination of comfort, style, and convenience. This home has a 2.25% assumable VA loan for qualified buyers. The assumable VA loan is for veteran buyers only as we'll need to substitute entitlement. This spacious residence features 3 bedrooms, 2.5 bathrooms, and an attached 2-car garage, making it ideal for modern living. Upon entering the main level, you’ll be greeted by a bright and open layout where the kitchen, dining area, and living room flow effortlessly together, along with a convenient half bathroom, perfect for both daily living and entertaining guests. Upstairs, the elegant primary suite serves as a true retreat, complete with a luxurious en-suite bathroom featuring a dual-sink vanity, a spacious walk-in closet, and access to a private covered deck, ideal for relaxing in peace. Down the hall are two additional bedrooms and a full bathroom, with one of the secondary bedrooms also featuring a large walk-in closet, perfect for guests, children, or a home office. Living in the Siena Park community is a major highlight. Residents enjoy access to a beautifully maintained community park offering a park and nearby scenic walking trails creating a welcoming environment for families and pets alike. Situated in a vibrant and family-friendly neighborhood, this home is centrally located in Longmont, placing you just minutes from schools, shopping, dining, parks, and all the essential amenities you need. BONUS: This property qualifies for special loan programs that offer as low as 3% down with NO mortgage insurance. (Please contact the listing agent for more details.) Don’t miss your chance to make this move-in-ready townhome your own! Schedule your private showing today!
Source: RECO #3724582
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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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