510 Avenida Del Cielo Fountain, CO 80817
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About this home
Welcome to this inviting tri-level home in the heart of Fountain! Featuring 3 bedrooms and 2 bathrooms, this property offers comfort, character, and flexibility—perfect for first-time buyers or those looking to invest in a home with instant sweat equity. What is sweat equity? It’s the value you can add to a property through your own effort. With mostly cosmetic updates needed, this home offers a great opportunity to quickly increase its value while making it your own. You'll love the beautiful laminate and wood flooring throughout the main and lower levels, along with newer Samsung washer and dryer and smart kitchen appliances that bring modern convenience to everyday living. The spacious kitchen and dining area flow together beautifully, while a separate living room provides a second gathering space—perfect for movie nights, a home office, or a cozy retreat. One bathroom has been fully updated, while the second is fully functional with a shower just waiting for your finishing touches. Step outside to a large backyard with tons of potential, plus a rock driveway perfect for RV parking—an extra bonus. The fully enclosed back patio offers a great space to relax during cooler months or entertain guests year-round. No HOA means more freedom to make this property truly yours. With solid bones and a welcoming feel throughout, this home is a true diamond in the rough. Don’t miss your chance to create value and make it your own!
Source: PPMLS #2095557
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.