Perched in the heart of Golden Hills on the coveted West Side of Colorado Springs, this rare Lindal Custom Cedar log home is being offered for only the second time since its 1984 debut. Crafted with tongue-and-groove construction (no chinking), this architectural gem showcases soaring cathedral ceilings, rich natural wood, and two striking stone fireplaces that anchor the home in warmth and character. Designed to capture breathtaking surroundings, the home boasts sweeping, wraparound views—from Memorial Hospital North, Pulpit Rock and UCCS to downtown Colorado Springs and Cheyenne Mountain. Expansive picture windows and multiple skylights flood the space with natural light, creating an inviting and uplifting atmosphere throughout. The main level offers effortless living with two bedrooms, two full baths, a laundry area, and an open-concept kitchen, dining, and living space beneath dramatic vaulted ceilings. A charming loft overlooks the main living area and frames stunning city views—perfect as a reading nook, office, or creative retreat. The finished walk-out basement expands your living options with a second family room, third bedroom, ¾ bath, and access to a covered patio—ideal for relaxing or entertaining. An oversized two-car garage with a workbench adds both function and flexibility. Rockrimmon offers many neighborhood amenities, Golden Hills park/playground, 5 minutes from I25, 15 minutes to downtown and 45 minutes to Denver. This one-of-a-kind raised ranch is a true mountain retreat with incredible bones and unmatched views. For those with vision and a passion for restoration, this is a rare opportunity to reimagine and revive a distinctive home into something truly spectacular.
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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