1063 25th Trl, Cotopaxi, CO 81223
3 beds · 2 baths · 1,188 sqft
This beautiful mountain home is situated just outside of the Sangre De Cristo mountain range in Southern Colorado. The house features three spacious bedrooms and two bathrooms with an breezeway room that would make a great craft/project space. Upon entering the home, visitors will be greeted by a cozy living room with a centrally located wood stove, perfect for warming up after a day enjoying the fresh mountain air. The open-floor plan seamlessly connects the living area with the dining and the fully equipped kitchen. The kitchen boasts ample cabinet space and a corner dining area. The master bedroom is spacious, large closets, and an en suite bathroom with a Jacuzzi tub and separate shower. The two additional guest bedrooms are located on the opposite side of the home, each with large closets and windows looking out upon the true beauty of Colorado. The home’s exterior boasts a beautiful deck with stunning mountain views, perfect for soaking up the sun, enjoying a cocktail or dinner, and taking in the stunning mountain scenery. There is also a 2-car garage connected to the home via the breezeway room so that you can stay dry and warm while unloading vehicles. The house is situated on 4.83 acres, perfect for relaxation and getting away from the hustle and bustle of the city. Located about 1.5 hours to Monarch Mountain, 2 hours to Breck, 30 minutes to the Arkansas River, 20 minutes to Westcliffe and 1 hour to Salida. A great place to enjoy Colorful Colorado.
Source: RECO #8145513
Interest rate and monthly payment estimated based on public records.
Source: RECO #8145513
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: #8145513
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