Rare 40-Acre Modern Homestead with Panoramic Views and Exceptional Amenities Discover the unparalleled opportunity to own 40 acres of pristine Colorado landscape, offering breathtaking 360-degree views—including an unobstructed panorama of Pikes Peak and the Front Range—just 30 minutes from Powers Blvd. (North and/or South) This expansive 4,408 sq. ft. home features a luminous, open-concept floor plan with three spacious bedrooms, two bathrooms, and an unfinished basement ready for your personal touch. The chef’s kitchen is equipped with a side-by-side refrigerator, double oven, gas range, oversized pantry, dishwasher, and reverse osmosis filtration, making it ideal for both daily living and entertaining. Enjoy peace of mind with security gates at both entrances, a comprehensive video camera system, and a backup generator. Additional features include a 40-gun Cabela Liberty safe, water softener, whole-house ozone filtration, washer, and dryer. Outdoor amenities are tailored for self-sufficiency and recreation: a double chicken coop with free-range area, irrigated greenhouse, and fenced raised-bed gardens producing a variety of fruits, vegetables, and herbs. End a vigorous day of country living in an awesome enclosed hot tub. The property also boasts three apple and three cherry trees, pasture mix, a 40-foot storage Conex has - Elastomeric heat resistant painted roof, rubber gym flooring, solar powered fans, commercial shelving and refrigerator/freezer—perfect for a workshop or extra storage. 200-yard shooting range, riding mower, with approximately 70 cords of pine, 20 cords of hardwood firewood, a and children’s play area, this property truly offers family security, and the freedom of rural living. Schedule your showing today to experience this extraordinary modern homestead.
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.
