3761 Arrowwood Ln Johnstown, CO 80534
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About this home
**Take advantage of a 1% LENDER-PAID CREDIT (based on the loan amount) to apply toward closing costs or an interest rate reduction when financing through our preferred lender.** Experience a beautifully updated 3 bedroom home located in the sought-after Thompson River Ranch community in Johnstown. With a neutral color scheme, newer flooring and carpet throughout, and a charmingly renovated kitchen, this home offers contemporary comfort with room to grow. Step inside to a main level featuring two separate living spaces bathed in natural light, a half bathroom, and an eat-in kitchen adorned with a serene color palette, newly installed concrete countertops, a granite composite sink, and modern hardware. Gather around the brand new extended kitchen island that enhances the functionality of the original floor plan, providing additional space for storage and entertainment. Upstairs is an airy primary bedroom featuring a walk-in closet and an en suite bathroom with a dual vanity and a spa-like walk-in shower. Just down the hall are two secondary bedrooms, a full bathroom, and a dedicated laundry space for convenience. An unfinished basement offers endless potential to expand your living space with possibilities of a home gym, media room, or an additional bedroom. Enjoy a fully fenced backyard shaded by a mature tree, ideal for relaxing, gardening in the raised beds, or hosting summer gatherings. Venture to the neighborhood pool and park for an evening of play just two blocks away. Only minutes from Loveland, Thompson River Ranch offers two swimming pools, three playgrounds, a disc golf course, paved walking and biking trails, Riverview PK-8 school within the neighborhood, a clubhouse with a fitness facility and gathering space, and a variety of community events for residents like Food Truck Fridays in the summer and holiday celebrations. Love where you live in this vibrant community that provides immediate commutes to I-25 and shopping and entertainment at Centerra.
Source: RECO #IR1040406
Neighborhood
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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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