This Stratford walkout rancher is perfectly situated on a premium lot that backs to a serene lake and open space in one of the most coveted neighborhoods in all of Monument. From top to bottom, no detail was overlooked in the thoughtful design and high-end upgrade selections throughout from instant hot water to a reverse osmosis water system. A covered front porch and a formal entry opens into a beautifully designed formal dining room with custom arches, leading seamlessly into the expansive great room and gourmet kitchen. The great room concept is both open and inviting, featuring millrun hickory floors, a dramatic stacked stone fireplace, and a wall of windows with motorized bluetooth blinds that frame unmatched lake and mountain views, allowing natural light to pour in. The chef’s kitchen is a showstopper, complete with a massive solid granite slab island, premium appliances, a bright breakfast nook, and direct access to the covered custom deck—perfect for enjoying the panoramic scenery. The main level offers a spacious secondary bedroom and a luxurious master suite with stunning views and a spa-like 5-piece bath. Entering from the oversized garage, you'll find a convenient mudroom/laundry room outfitted with matching cabinetry and a functional folding area. A custom extra-wide stairwell with wrought iron balusters and hardwood railing leads you to the fully finished walkout lower level, where a large rec/media room awaits, complete with a wet bar featuring granite counters, tumbled marble backsplash, and a built-in wine fridge. From here, step outside to a massive 49' x 19' patio with a beautiful water feature, fire pit, outside gas stout, hot tub, and breathtaking views, making this level ideal for entertaining and wired for surround sound inside and out. The garage is oversized with a 4 ft extension and a backyard access door. This home is a rare gem and an extraordinary find—and truly feels practically brand new.
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.
