Welcome to this stunning, luxurious 4-bedroom, 3.5-bath home, perfectly nestled between Fort Carson Army Base and Peterson Space Force Base. Prepare to be captivated by the breathtaking mountain views that promise to leave you in awe. As you step inside, you're greeted by a stylish half bath and a beautifully designed living room featuring a cozy fireplace, inviting you to relax and unwind. Gleaming hardwood floors guide you into the elegant dining area, where a spectacular granite breakfast bar beckons you to enjoy delightful meals with family and friends. The gourmet kitchen, adorned with modern stainless-steel appliances, is thoughtfully crafted to elevate your cooking experience, making every dinner a grand occasion. Venture down to the finished basement, where an open-concept design offers endless possibilities. This versatile space can serve as a cozy bedroom or a lively playroom perfect for entertaining the family. Movie nights will be unforgettable with the projector wall, and the full bathroom boasts exquisite light-up waterfall finishes, adding a touch of luxury to your relaxation. Step outside and entertain guests on the delightful walkout patio or the freshly painted deck, transforming this home into your ultimate gathering spot. The beautifully landscaped backyard features an in-ground sprinkler system, ensuring a lush oasis for outdoor enjoyment. As you explore the top floor, you'll find 3 generously sized bedrooms and 2 full bathrooms. The main suite is a true retreat, offering unparalleled mountain views that will make every day feel special. The en suite bathroom features an expansive walk-in closet. You will not find a better closet! With a double vanity, wall-to-wall mirrors, a luxurious soaking tub, and a separate shower with a built-in seat, this bathroom is nothing short of a personal oasis where elegance meets comfort.
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.
