FULLY FURNISHED (Gorgeous Furniture) WITH BRAND NEW APPLIANCES!!! This absolutely beautiful custom home with unique character & picturesque setting with almost 3,000 sq. ft. of living space is ready for your move to the mountains! The highly desirable location within Cuerno Verde Pines subdivision is reason enough to seek out the Wet Mountain Valley and the foothills surrounding the quaint historic Town of Westcliffe! This home has separate extended living quarters with its own deck for your family/guests which was added in 2017. Spacious living room with stone gas-log fireplace. Bright and lovely open kitchen/dining area which opens out to gorgeous Trex composite decking w/custom wood railings. Hickory cabinets and flooring in kitchen with brand new high-end appliances with extended warranties. Three Primary bedrooms each with its own ensuite. Additional office/craft room with Jack & Jill bathroom shared with the second bedroom. Beautiful tongue & groove finishes throughout add to this quintessential mountain cabin. Home has a whole-home water filtration system and an excellent producing household use well. Brand new triple-paned DeBella windows on first floor. Oversized 34' x 32' garage and mudroom into home from the garage keep things tidy. 10' x 8' shed and 45' x 40' fenced pet area off the back deck. Metal roof with 50 year warranty. Property has been fire mitigated. Whether sipping your morning coffee or enjoying an evening beverage on the wrap-around decking, you will enjoy the clean, fresh mountain air and breathtaking Ponderosa Pines which add to the allure. The peace and quiet alone is the escape you've been searching for! Easy commute to Pueblo, Colorado Springs, Canon City, Salida and Florence for shopping, museums, antiquing and Riverwalks! Gold Medal fishing close by in the Arkansas River. Come live the life you've been dreaming of! There are so many reasons to live here; endless hiking, biking, camping, skiing, etc. Westcliffe has it all!
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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