VA loan
1 of 42
VA loan

10195 Devoncove Dr, Peyton, CO 80831

4 beds · 3 baths · 3,373 sqft

Stunning 4-Bedroom Home in Desirable Paint Brush Hills – Like New! Welcome to this immaculate 4-bedroom, 3-bathroom home in the highly sought-after Paint Brush Hills community! Built in 2020, this home still has that fresh, new feel and is in pristine condition. As you step inside, you’re greeted by a formal sitting area leading into a spacious open-concept kitchen, dining, and living area, complete with a cozy fireplace—perfect for those chilly Colorado evenings. The kitchen is designed for both function and style, ideal for entertaining or enjoying everyday life. The primary suite is a true retreat, offering plenty of space, a luxurious 5-piece bathroom, a walk-in shower, and a large soaking tub—perfect for unwinding with a glass of wine and bubbles after a long day. Step outside to a xeriscaped backyard, designed for low maintenance and maximum enjoyment. Whether you’re hosting summer BBQs, playing cornhole, or simply relaxing, this space is built for fun. With no rear neighbors and stunning open-space views of Pikes Peak, the backdrop is simply breathtaking. This home is zoned for top-rated D49 schools and is just minutes from shopping, dining, and entertainment. Enjoy local favorites like JAKs Brewing Company and Purple Toad, where there’s always something exciting happening. Plus, Antler Creek Golf Course is just around the corner for golf enthusiasts.

Location
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Loan details
Home details
Size
2,365 sqft
Lot size
0.2491 acres
Year built
2020
Type
Single Family Residence
HOA dues
$0.00

Source: PPMLS #2752829

Qualify

To qualify, you must meet the current FHA or VA 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%. 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.

FHA (Federal Housing Administration) loans

FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.

VA (Veteran's Affairs) loans

You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.

Investors

You may be able to assume a VA mortgage as an investor without it being your primary residence.

Resources
Frequently asked questions

What is Roam?

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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.

What is an assumable mortgage?

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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.

Why is an assumable mortgage valuable?

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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.

How can you find assumable mortgage listings?

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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.

How do I qualify for an assumable mortgage?

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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 620, 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.

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Last updated: Apr 11, 2025 12:32 am
Listing agent: Leacia Martinez (719) 588-1440
Listing provided courtesy of: Exp Realty LLC (888) 440-2724
Details provided by PPMLS and may not match the public record.
MLS ID: #2752829
The real estate listing information and related content displayed on this site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp.
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