433 Chestnut St Buena Vista, CO 81211
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About this home
Nestled in the heart of downtown Buena Vista, this beautifully updated 2-bedroom, 1.5-bathroom home is filled with charm; right up to its unique bell tower, which serves as the home’s doorbell. The open concept kitchen and living area feature stunning hickory cabinets, granite countertops with an extended backsplash, and brand-new stainless steel appliances. Luxury vinyl tile flooring and updated lighting create a warm, inviting atmosphere throughout. The spacious primary bedroom includes two closets and is conveniently located next to a full bathroom. A second bedroom at the front of the home, complete with a half bath, is perfect for guests. A convenient hall laundry space features a brand-new, high-end washer and dryer, along with additional storage for added functionality. Step outside to a fully fenced, low-maintenance xeriscaped backyard, with self watering window flower boxes (water lasts a month). A private deck offers the perfect setting for relaxing or entertaining while taking in breathtaking Collegiate Peaks views. A dog door from the main house makes it easy for 4-legged family members to enjoy the fenced-in backyard. The oversized, insulated, and heated two-car garage is a standout feature, providing year-round comfort for parking and storage. Additionally, a separate finished office/workout space includes a mini-split system with both heating and air conditioning, making it an ideal home office, creative studio, or potential rental workspace. With Main Street and the Arkansas River just steps away, this home offers unbeatable walkability to Buena Vista’s best restaurants, shops, hiking and biking trails, and river surfing. Whether you’re looking for a full-time residence, a vacation getaway, or a prime investment property, this charming home is a rare find in one of Colorado’s most desirable mountain towns!
Source: RECO #4901381
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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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