27 Terrace Dr Pueblo, CO 81001
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About this home
Best of both worlds! Single Family Residential style living but legally described as a Townhome. No shared walls and a good size lot but the homeowner’s association handles grounds maintenance and snow removal up to your front door, trash removal and also contributes a portion toward your exterior trim paint. The neighborhood includes access to a common area gazebo, ideal for small gatherings or simply relaxing in the fresh air. This charming 3-bedroom, 2-bathroom home boasts 1,588 square feet of comfortable living space, is lovingly maintained, featuring modern updates and outdoor charm. Step inside to discover thoughtful touches like newer windows throughout, stylish light fixtures, newer ceiling fans, decorative wood accents and custom touches throughout. The kitchen is bathed in natural light thanks to an added solar tube and offers a cozy, custom-built dining space—perfect for morning coffee, lively gatherings around the table or late-night snacks. Downstairs, durable LVP style flooring blends style and durability while you enjoy the warmth that radiates from the room's pellet stove. The primary bedroom and bathroom have also been refreshed, including a recently updated walk in shower. The finished basement offers multiple use opportunities; could even be used as a (non-conforming) 4th bedroom. Outside, enjoy your private fenced patio with convenient gated access to the neighborhood RV and storage parking lot. As an added bonus, you’re under half a mile from University Park and a short drive to Natural Grocers, the Pueblo Mall and other popular shopping, dining and entertainment amenities including the Walking Stick Golf Course! With a newer roof and whole-house humidifier, this home offers comfort and convenience. Whether you’re looking for your first home or a fresh start, this property accommodates your needs in a well-kept community!
Source: PPMLS #6757175
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.