Welcome to this beautifully maintained two-story home in the desirable Cuchares Ranch community, offering 3 bedrooms, 3 bathrooms, and 3,884 total square feet with stunning views of the Front Range and Pikes Peak! The bright and open floor plan features a spacious living area that flows seamlessly into the kitchen and dining space—perfect for entertaining or family gatherings. The kitchen is equipped with newer stainless-steel appliances, a large pantry, and ample counter space. Upstairs you’ll find a generous primary suite with a walk-in closet and en-suite bath, along with two additional bedrooms, a full bath, and a convenient laundry room. A large upper-level loft provides a flexible second living space, ideal for a media room, home office, or play area. Downstairs, the unfinished basement offers nearly 1,300 square feet ready for your personal touch—finish it to add more bedrooms, a rec room, or workout area. Major mechanical updates include a newer furnace, water heater, and water softener for peace of mind. Step outside to enjoy the fenced backyard with mountain views, a patio for relaxing or barbecuing, and room for pets or play. The attached two-car garage offers extra storage and convenience. Located just minutes from military installations, schools, shopping, and dining, this home combines space, comfort, and location in one incredible package. Experience the best of Colorado living with room to grow and views you’ll love coming home to every day!
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.
