10699 Rainbow Bridge Dr, Peyton, CO 80831
5 beds · 3 baths · 3,704 sqft
Welcome to this stunning main level living 5 bedroom ranch home with a 4-car garage. This D-49 home sits on a 1/4 acre fenced lot backing up to an area of open space. The home features hardwood floors, granite countertops, high-end KitchenAid stainless steel appliances with a double oven, vaulted ceilings and large windows offering a bright and airy interior. Beautiful natural wood flooring spans the entry and kitchen adding warmth and character to the home. The gourmet kitchen offers an island with room for stools, a large pantry, a dining area with walkout access to the deck with stairs down to the backyard. Gather and entertain with ease in the generous living room featuring a gas fireplace and dedicated dining room. The primary bedroom is perfect for unwinding after a long day. You will find it has large windows, a gorgeous 5 piece bath, separate his and her walk-in closets with ample storage. The main level also has a second bedroom with a full bath right outside the door and a convenient laundry area with a utility sink. The two family rooms in the basement provide a versatile space, perfect for designing a dedicated game area and a comfortable space for relaxing or entertaining. The basement is pre-plumbed for a wet bar or full kitchen. This basement also offers three additional bedrooms filled with natural light, a full bath, plus a spacious storage room that can also be converted into a home office or movie theater room. Enjoy the serene outdoor living in the fully landscaped front and backyards, complete with a spacious deck and patio area perfect for relaxation, entertainment or taking in the sunrise. This home has owned solar panels. Enjoy this great Colorado community lifestyle and take advantage of all the amenities including a neighborhood golf course, recreation center, fitness center, basketball court, indoor & outdoor pools and easy access to trails, mountain views, shopping and dining. A wonderful place to live and thrive!
Source: RECO #6043494
Interest rate and monthly payment estimated based on public records.
Source: RECO #6043494
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: #6043494
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