6BR, 4BA private sanctuary tucked away on a cul-de-sac in the vibrant Woodmen Hills community. Situated on a 1.54-acre cul-de-sac lot backing to open space, this 2-story home offers 3,936 sq ft of beautifully designed living space with sweeping views of the Front Range & iconic Pikes Peak. From the slate-tiled entry to vaulted ceilings & wood floors through most of the main level, every detail invites comfort. The sun-filled living/dining area features a bay window & neutral carpet, while the open-concept family room boasts a wall of windows, a cozy fireplace with slate surround, & flows into the dining nook & kitchen. The kitchen is a chef’s dream with a breakfast bar, pantry, tile countertops, & ample cabinetry. Stainless steel appliances include a gas range, built-in microwave, dishwasher, & side-by-side fridge. Step out to the backyard deck & enjoy golden Colorado sunsets & fabulous Peak views. The main-level primary suite is a serene escape with breathtaking mountain views & a spa-like 5-piece bath with dual sinks, jetted tub, tiled shower, & walk-in closet. A powder bath & laundry room with sink & cabinetry complete the main level. Upstairs offers a spacious loft, 2 more BRs, & a full BA. The garden-level basement is an entertainer’s dream with a massive rec room, dry bar, theatre area, game space, 3 additional BRs (1 used as an office), & another full BA. Car & RV enthusiasts will love the oversized 3-car tandem garage & 45x15 detached RV garage with 2 full hookups (incl sewer), laundry room, & roughed-in BA. The huge backyard offers auto sprinklers, a fenced dog run, trampoline, playset, & plenty of space to roam and play. Enjoy an active lifestyle with 2 rec centers, indoor/outdoor pools, fitness classes, basketball courts, parks, & trails. Just minutes from shopping, dining, & top-rated District 49 schools. This move-in ready beauty is just waiting for you to call it home!
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
