12652 LONGVIEW PARK LN, Peyton, CO 80831
This stunning 5-bedroom, 4-bathroom house offers spacious and comfortable living for your entire family. Inside, the main floor features an inviting open-concept living room and kitchen, highlighted by large windows that flood the space with natural light, creating a warm and welcoming atmosphere. The bonus den features elegant double barn doors for added privacy, making it an ideal home office or cozy reading nook. Upstairs, you’ll find three generously sized bedrooms, a conveniently located laundry room and a luxurious primary suite. The large primary suite is a true retreat featuring large windows, walk in closet, double vanity, glassed in shower and large soaking tub for your ultimate comfort. The fully finished basement provides additional space for entertainment or relaxation as well as a bedroom and full bath. With new carpet throughout the main floor and basement, as well as professionally cleaned and stretched carpet on the upper level, the entire home feels fresh and revitalized. Step outside to a large, fully fenced and landscaped lot complete with a separate garden plot—perfect for those with a green thumb. The large patio with built in fire pit invites you to enjoy the beautiful Colorado weather with outdoor cooking and entertaining. The 3-stall tandem garage offers ample space for both parking and storage. Located just down the street from a beautiful park, this home is also close to top-rated schools, a recreation center, and miles of scenic trails. This property is a rare find, combining comfort, convenience, and a prime location. Don’t miss out on the opportunity to make this house your forever home!
You may be able to put down less than the total down payment amount of $253,396 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: #8184107
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