11416 Belvidere Ave, Green Mountain Falls, CO 80819
3 beds · 1 baths · 1,050 sqft
Priced below appraised value! This cabin's rustic charm, and year-round sunny location ,nestled in the mountains of Green Mountain Falls, creates an idyllic escape. The stone fireplace with a pellet burning insert provides such cozy warmth during the colder months, and the blend of wood walls and bench seating adds to the cabin's character. The recent updates and improvements to the cabin make it even more enticing! The blown-in insulation will certainly help keep the warmth inside, enhancing the cozy atmosphere around the fireplace. Loft area is used as a 3rd bedroom making a great space for extra guests. Plumbing for a new stainless dishwasher is a convenient addition, as well as added disposal ensures modern functionality. New flooring and the addition of a shower to complement the tub in the bathroom enhance the cabin's comfort. Fresh coat of paint on the exterior and charming flower boxes, the cabin boasts great curb appeal, welcoming you home after your mountain adventures. Close to Ute Pass Elementary, Manitou Springs Schools, 3 minutes from Green Mt Falls town center, 15 minutes to Colorado Springs, 10 minutes to Woodland Park for all your amenities. The easy access from the paved road to the horseshoe driveway and two carports with storage, ensuring plenty of space for vehicles and gear. Walking distance to to the Catamount trail head is truly a highlight, providing endless opportunities for outdoor exploration and enjoyment or relax on the large covered deck and listen to the waterfalls. The privacy of the backyard adds to the allure, creating a tranquil retreat where you can truly unwind and appreciate the beauty of nature. In summary, this cabin offers the perfect blend of comfort, charm, and adventure, making it a truly special place to escape to in the mountains.
Source: RECO #4850518
Interest rate and monthly payment estimated based on public records.
Source: RECO #4850518
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: #4850518
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