631 Colorado Ave Pueblo, CO 81004
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About this home
Open floor plans are so 2020. This Craftsman home keeps its original charm while giving you all the updates and move-in ready feels. Start with the covered porch, perfect for neighbor-watching with a cup of coffee or cocoa. Step inside and you’ll love the bright natural light coming through the living room windows and the cozy fireplace that’s just right for those chilly Colorado winters. There’s a separate dining room that’s perfect for dinners with friends or just everyday meals. The kitchen has a new stainless steel fridge and dishwasher, plus a convenient entrance to the backyard and basement. Down the hall, you’ll find two bedrooms and a bathroom that’s been updated with modern tile, all while holding onto that classic Craftsman vibe. The new furnace and A/C will keep you comfortable during Pueblo’s summer days and Colorado’s winter nights. Head downstairs and you’ll find a large storage closet, another spacious bedroom that could be your primary suite with its own closet, and a bonus room ready for whatever you need, maybe an extra family room, a home office, or even a workout spot. The backyard has plenty of room to start a garden, give your pup a play space, or just relax on summer nights. There’s also a detached garage for your car or those weekend projects. This home is move-in ready and just minutes from the shops and restaurants in Mesa Junction. Schedule your showing today before this home is gone.
Source: PPMLS #7385507
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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.