10626 Mt Emerald Dr, Peyton, CO 80831
5 beds · 4 baths · sqft sqft
This castle-esk marvel is waiting for the perfect new owners! After you decide which of the 3 garages you want to park in, walk in and take in! The openness of the main level will make you gasp with an endless flow from the kitchen to the dining area and then out to the spacious, yet cozy living area. Just try to not get hypnotized by the ginormous ceilings and endless natural light this space offers! Upstairs you’ll find another ceiling flex in the primary bedroom which is almost trying to hide the massive walk-in closet and full 5 piece bath with separate sinks so no one is fighting over counterspace! Two secondary bedrooms, full laundry with a conveniently located utility sink, and another full bath round out most of this space. But not quite! A second living area is nestled just at the top of the stairs! In the basement is where the game goes into overtime! With room for all types of seating, pre-installed ceiling speakers, and pre-plumbing for a future wet bar this is where the action will happen! Yet another set of secondary bedrooms and a full bath round out this level. If all of this and the imagery of our virtually staged setups aren’t enough, both the front and rear porches are fully covered, street traffic will be at a minimum as you’ll be sitting at the start of the cul-de-sac, and neighbors directly behind you are a thing of the past! Super close access to schools, shopping, and highway 24 only help make this one a no brainer! Come see for yourselves!
Source: PPMLS #2961067
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #2961067
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: #2961067
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.