Spacious Meridian Ranch Two-Story with 5 Bedrooms, 3 Baths and 3-Car Garage! Welcome home to this beautiful and expansive two-story traditional home in Meridian Ranch offering over 4,600 total square feet, including a 3,000+ sq ft finished living area and a garden-level unfinished basement for future expansion. Designed for comfort and function, this home features five bedrooms and three full baths, including a main-level bedroom and bath—perfect for guests, home office space or multi-generational living. The grand entry opens to a formal living and dining room with soaring ceilings and a sweeping staircase. The large kitchen boasts an island with breakfast bar seating, a pantry, and an eat-in nook that flows into the spacious family room with built-ins, a cozy fireplace with new tile surround, and an 82” TV included. The main-level laundry with sink adds convenience. Upstairs, the primary suite impresses with its size, featuring a walk-in closet and a five-piece ensuite with soaking tub, separate shower, and dual vanities. Three additional bedrooms, an upper loft with storage, and another full bath with double sinks complete the upper level. Set on a nearly quarter-acre level lot, the fenced and landscaped yard offers plenty of space to relax or play. Recent updates include a new roof, new Anderson front door and rear sliding doors, Eco-B smart thermostat, and a Ring alarm system with doorbell and garage camera. Newer Washer and dryer are included. Central Vac for easy clean and Central Air to stay cool in the summer. Don't miss the 3-car garage and level driveway - plus Pikes Peak views from the front of the home. Enjoy all that Meridian Ranch has to offer—golf, parks, playgrounds, a recreation center, and easy access to shopping, dining, and both Peterson and Schriever Air Force Bases. This home combines size, updates, and community amenities for the perfect Colorado lifestyle!
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.
