103 Copper Mountain Dr, Cripple Creek, CO 80813
3 beds · 2 baths · 1,664 sqft
Beautiful custom ranch style home with absolutely breathtaking mountain views. This home has the WOW factor as soon as you pull up to it! Upon entering this inviting home, you are facing a huge picture window with absolutely breathtaking mountain views! This custom 3-year-old home features: Fire proof Hardy board cement siding w/ tin Wayans coating trim; an active solar system w/ “net metering” to sell overages for storage to the electrical grid. There are newer gorgeous Shaw LVP 20 mil commercial grade waterproof 8 mm thick flooring with a lifetime guarantee. The great room has stunning views with a wood stove that can heat the entire home along with a beautiful, beamed tongue and groove cedar ceiling. There is also an inviting covered cedar plank tongue and groove entryway where you can sit and enjoy the wildflowers and wildlife. All of the closets in the bedrooms are cedar lined. The master closet has been professionally staged with great custom storage features and a gun safe. The bathrooms have rain shower heads, quartz vanities, and attractive wood looking tile flooring. There are granite counter tops in the kitchen along with a 10-foot center island/breakfast bar. The 2nd bedroom has attic storage access plus there is a walk-in closet. The plumbing is in for a 1/2 bath off of the kitchen that is currently a walk-in closet. The oversized garage is tall enough for pick-up trucks, is insulated with 6-inch Styrofoam and it has 220 electric service for hybrids or an electric vehicle. The 30 gauge metal roof has heated gutters. The rear deck is trex and takes in the amazing views. The 1-acre lot behind the expansive fenced in back yard also is being sold with the home making a spacious 2 acre lot! The star link system stays with the home providing fast internet service. The crawl space is all lined with plastic, is well lite, and its heated with a thermostat. The electric heat is all infrared. There are 4 ring cameras included along with motion lights s
Source: PPMLS #8940111
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #8940111
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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?
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?
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?
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 “Get Notified” 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?
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.
MLS ID: #8940111
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.