Wide open adventure awaits you at this rare Colorado home bordering Pike National Forest land. You will want to embrace this opportunity to enjoy sustainable living, unmatched privacy, and a true Colorado mountain lifestyle. This 2 bedroom/2 bathroom custom straw bale home on 10 private acres offers DIRECT National Forest access through two gates on the property. Experience solar powered off grid comfort and custom handcrafted details throughout the home. Elegant features like high vaulted tongue and groove ceilings, ceramic tiled floors, earth toned colors, skylights, Pikes Peak views, and plenty of natural light create an inviting environment. The open floor plan combines a stunning great room, dining space, sunroom, and kitchen into a multifunction space with a seamless layout. The kitchen shines with tiled and solid wood counters, custom backsplashes, solid wood cabinetry and stainless steel appliances. The sunroom brings in passive heat during the day while radiant baseboard hot water heat keeps temperatures even and cozy year round. The great room wood stove adds warmth and mountain charm while deep straw bale walls in the primary wing provide character and exceptional insulation. The main level primary bedroom has a custom tiled ensuite soaking tub while the second floor bedroom is the perfect private guest bedroom with extra storage space. Outside, a 17 X 49, four car garage with an oversized bay door has multiple parking options for your cars, trucks, and tractor. Room for all your toys. A greenhouse, a chicken coop with attached run, and garden space create the perfect setup for hobby farming. Horse lovers will enjoy the 24 X 25 barn with stalls and the level green pastureland for grazing. Stunningly beautiful land with aspens, pines, meadows, and willows. Strong 10 GPM well. Minutes to Eleven Mile Reservoir for fishing and boating. Hunting, riding, hiking seconds away. Experience world class recreation right off the back porch step. Year round beauty!
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.
