10396 Honeytree Ct, Fountain, CO 80817
4 beds · 3 baths · 3,908 sqft
Spacious 4 bedroom, 3 bathroom, well maintained ranch style home in High Gate Farms! The pride in ownership shows as soon as you pull up to this corner lot in the private cul de sac. Green lawns, manicured shrubs and trees, along with craftsman style exterior, large 3 car garage, and welcoming front porch. The main living area has vaulted ceilings, a huge living room with gas fireplace, formal dining room, eat-in kitchen with stainless appliances, including a gas range oven, lots of cabinets, pantry closet, hard surface counters, tile backsplash, and stunning hardwood floors. From the kitchen you can walk out to the fully fenced back yard with extended concrete patio for the perfect outdoor entertaining area. Back inside, the private primary suite is located at the back of the home and features vaulted ceilings and attached 5-piece bathroom. Double sink vanity, walk in shower, separate soaking tub and large walk in closet add to the appeal. Another good sized bedroom and full bathroom, plus convenient main level laundry room with utility sink complete this level. Heading downstairs, a second great living space, with family room, a second gas fireplace, 2 more bedrooms with walk in closets, another large bathroom with walk in shower, multiple storage closets, plus a HUGE bonus storage room! This area can easily be turned into additional bedrooms or more living space. Other great features of this home include: Brand new roof, brand new water heater with expansion tank, sump pump, whole house humidifier, Central A/C! New carpet in the basement, newer stainless appliances, new sprinkler system out front with 3 zones and is controlled with your phone! More zones can be added to the backyard as well. This community is beautifully maintained and offers walking trails and mountain views. Close to schools, parks, shopping, and all military installations. Homes in this neighborhood do not come up often!
Source: PPMLS #6598324
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: PPMLS #6598324
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.
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 “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?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.