12757 Winding Glen Ln, Peyton, CO 80831
5 beds · 3 baths · 2,901 sqft
Welcome to this immaculate 2020 ranch home in the highly desired community of Meridian Ranch! With five bedrooms, three bathrooms and an open floor plan, you will have plenty of space to make this home your own. As you walk in the front door, you immediately notice the open feel of this home. Beautiful wood floors greet you upon entry and lead you into the main living space of this level. Here you will find a dining area, living room with vaulted ceilings, and spacious kitchen. Off of the living room is a sliding glass door that leads you out to the deck that will become your new favorite place to sit and watch the sun set down behind Pikes Peak! In the kitchen you will find beautiful stone counters, stainless steel appliances and plenty of storage, to include a separate pantry. If main level living is what you want, this home is what you need! The main level houses the Master bedroom with five piece bath and walk in closet, as well as two more bedrooms, a full bath and laundry. Now down to the massive basement! Here you will find two more bedrooms that flank another full bathroom. Need storage? This home has that too! Extra closets and storage spaces in the basement will help with all those extra linens and holiday decor! Off of the spanning basement family room space is another sliding glass door that allows access to the large fenced in back yard. Imagine the possibilities here! And as if this home doesn't already sound perfect, it is situated on a dead end street (no thru traffic!) and there are no houses behind the lot, offering better views and more privacy! The community of Meridian Ranch is well known for the large amount of hiking trails, lush parks, beautifully maintained homes and fabulous rec center that has a lazy river, pool, exercise room, sports courts, golf and so much more! Don't miss your chance at a meticulously maintained home in this amazing location!
Source: RECO #9869953
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: RECO #9869953
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 “Save search” 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 620, 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.
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