438 W Fairway Dr Pueblo, CO 81007
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About this home
Welcome to this spacious Rancher located in the Pueblo West Golf Course area. This sprawling home offers ample bedrooms and storage from top to bottom! Enter the Living Room with Grand Vaulted Ceilings and enjoy the open entertainment area w/ surround sound system and convenient storage cabinets for all of your media needs. Just off the Living Room is the Kitchen/Dining area, which includes a large Dining table space, new Butcher Block countertop, newer Stainless Steel appliances, and access to the covered patio for Outdoor Entertaining. Kitchen wraps around to the Laundry/Mud room area with easy access to the garage. On the other side of the home, the Primary Bedroom offers a private retreat with easy accessibility to the 6-person Hot Tub just off the side of the home. 2 additional Bedrooms on the main level include a large Bedroom with hardwood flooring. Basement offers 2 more bedrooms and a bonus room that could be utilized as a non-conforming bedroom, office, or work-out area. Enjoy the large Family Room with adjoining Dry Bar, large TV for viewing enjoyment, and space for relaxing or entertaining. Backyard is fully landscaped (with newer Privacy fence) and includes a Garden Box area to grow your vegetables. Newer Solar Panels help save on utility bills and will be paid off upon closing. Front yard is xeriscaped for ease of living and offers ample RV parking that extends to the back yard. Great location and lots to fall in love with! Call for your personal viewing today!
Source: PPMLS #4307604
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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.