2001 5th Ave Greeley, CO 80631
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About this home
Charming Greeley Bungalow Near UNC! Welcome home to this beautifully updated bungalow on a spacious corner lot — with no HOA and a fantastic location just minutes from the University of Northern Colorado and downtown Greeley’s shopping, restaurants, and coffee shops. Whether you’re a first-time buyer, investor, or looking to downsize, this move-in-ready gem checks all the boxes! Step inside to a warm and inviting living room that flows seamlessly into the kitchen, where you’ll find stylish stainless steel appliances, shaker cabinets, and plenty of space for cooking and entertaining. Enjoy fresh interior and exterior paint, luxury vinyl flooring throughout most of the home, and the comfort of air conditioning units that stay with the property. Outside, the fully fenced yard with year-round grass is ideal for pets, play, or relaxing outdoors. The home also features a new front walkway, a one-car garage with an adjoining laundry room, and a large free-standing garden shed for extra storage. With its unbeatable location and thoughtful updates, this home truly has it all. Don’t miss your chance — schedule your showing today before it’s gone!
Source: RECO #1728239
Loan details
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Close stress-free in 45 days, handled start to finish by Roam.
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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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