1829 Chesapeake Cir Johnstown, CO 80534
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About this home
Great ranch-style home in a wonderful Johnstown location. Nestled in a quiet, laid-back neighborhood where neighbors look out for one another, this home offers comfort and connection. This community is not in a metro tax district means no extra fees! Easy maintenance laminate wood floors and vaulted ceilings welcome you as you step inside. The open layout effortlessly combines dining and kitchen spaces, creating an ideal setting for entertaining or everyday living. The kitchen features modern stainless steel appliances and ample cabinetry for storage and functionality. Three comfortable main-level bedrooms include plush carpeting, with the primary suite offering its own private en-suite bath. The full unfinished basement provides excellent storage space, room for a home gym, or the potential to finish and expand your living area to suit your needs. A convenient half bath is already in place downstairs. The private, flat backyard is a great size for relaxation or play, and the heated garage adds year-round convenience. Recent updates bring peace of mind with a new roof and exterior paint in 2024, a new water heater in 2023, and new HVAC in 2021. Perfectly located just minutes from downtown Johnstown, offering easy access to groceries, the YMCA, dining, shops, and only five minutes to I-25. Close to a lovely community park, this home combines small-town charm with modern comfort.
Source: RECO #1677677
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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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