11050 INDIAN HILLS CIR, Kiowa, CO 80117
Whether an executive or a horse lover this home is a perfect place to enjoy the Front Range views. As you enter the main level of the house you will be greeted with views of Pikes Peak through the picturesque windows. The mountain views extend beyond the main room and can be enjoyed from all three upstairs bedrooms. The stunning custom kitchen and bathrooms on the main floor, all with granite countertops and plenty of storage. The primary bath will be sure to impress with a luxurious double shower, soaking spa and large walk-in closet with built-in shelves. Once passing by the dining room on to the great room with an exquisite indoor-outdoor fireplace that also serves the covered deck, you will find 2 large bedrooms adjoined to a jack and jill bathroom. Moving along to the walkout lower level you will find a large space for entertaining, two additional bedrooms and a bonus room. The lower level walkout includes a wet bar area complete with a dishwasher and refrigerator making it a great for hosting company or supporting multi-generational household/potential rental. The dual zoned HVAC system and two 250 gallon water heater will ensure comfort and efficiency at both levels of the home. The fully fenced 35 acre property provides many opportunities for livestock and more. Additionally there is a 46x48 shop with 12&14 foot garage doors, 200 amp electrical panel, electric car charger, RV shore power for a full size camper/RV or up to 6 cars in a temperature controlled space, not to mention the oversized 3 garage attached to the house. In the outbuilding you will find a remarkable ADU perfect for an office or additional living space. Less than 3 miles away you find the Kiowa school complex pre-k through 12th grade, several fabulous restaurants, three salons, a spa, a library and the County services and only 7 miles east of Elizabeth. This home has a special financing rate of 2.7% available, making the dream of owning your own Ranch a possibility!
You may be able to put down less than the total down payment amount of $644,354 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #4141067
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