Quietly nestled in The Oaks neighborhood of Castle Rock, this much sought after neighborhood is tucked away among acreage properties, yet just a short drive to the vibrant shops, dining, & entertainment of downtown Castle Rock & surrounding amenities. Better than new, this 2021 Richmond Peridot model, offers builder upgrades, custom outdoor features & the perfect blend of comfort, style & functionality. As you enter this thoughtfully designed home, you'll notice it offers an expansive open concept layout with a neutral color scheme, stunning LVP floors & abundant natural light. From the moment you step inside, you'll be drawn to the pride in ownership & this home's welcoming ambiance. The heart of the home, the entertainer's kitchen boasts builder upgrades, graphite steel appliances, gas cooktop, walk-in pantry, eat at island, soft close drawers, upgraded & extended cabinets; a perfect space for everyday living or hosting. The dining area & family room flow seamlessly, anchored by a gorgeous floor to ceiling stoned gas fireplace, wired surround sound speakers & sliding pocket doors, leading you to a spectacular outdoor retreat. Down the hall from the kitchen/family room are 2 well appointed guest bedrooms, full guest bathroom, office w/ French doors (used as a 3rd bedroom), laundry room, closet, linen closet & the primary suite. Retreat to the primary suite featuring, a spacious bedroom w/ ceiling fan, bathroom ensuite with a shower, dual sink vanity, linen closet & large walk in closet. Step outside to your dream outdoor oasis boasting a large stamped concrete patio, custom motorized louvered pergola, built in outdoor grill, hot tub, & cozy up under the stars around the custom gas fire-pit. 3 car garage, perfect for storage, & your recreational gear. Perfectly situated on a 1/4 acre quiet cul de sac lot, backing to acreage property, with trails just outside your door, near Castlewood Canyon, top rated Douglas County schools, & near charming Downtown Castle Rock.
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.
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