Tucked back in the trees and off the beaten path is this 2.50 acre gem. This home is one of the original homes in the Forest View Estates and Red Rocks Ranch Community. Monument Creek runs through the land and you can hear it flowing from the back deck while appreciating the majestic mountain views including Elephant Rock. The overall property provides a quiet and peaceful environment with a ton of wildlife sightings. Coming in from the front door and down the hallway, you'll notice a spacious mud room / laundry room. Garden level with lots of light to the living space, full bathroom and bedroom. This is considered a Raised Ranch floor plan. Kick off your shoes before heading up to the the main level. Real Hardwood floors throughout the Main Living room, dining room, Kitchen and also down the hallways to the second living room and 3 bedrooms. The kitchen is modern and has a clean style with beautiful glass back splash, natural light, easy to clean white cabinets, built in shelving, granite counter tops, two microwaves, an oven, stove top, pot filler, Kitchen Aid Appliances and a deep sink! The open living room has a beautiful built-in brick entertainment center, fireplace and french doors to the large deck which is great for indoor/outdoor living. The back yard is fenced off for your furry pets and includes a garden and a patio. Also an exterior door to the addition to the home, which adds a second living space with a gas fireplace and wet bar. This is the perfect entertaining spot, hobby room, TV room, kids area, gaming space or you'll find the best light to read a book in. The Primary Bedroom has large windows, new carpet, paint, a walk-in closet and a spacious 5 piece bathroom. Oversized 2 car garage, storage shed and room for many vehicles including and RV. No HOA. Perfectly located to Hwy 105 which gets you to 125 within minutes. Monument is a great place to live!
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.
