12790 Gould Rd, Fountain, CO 80817
5 beds · 3 baths · 2,496 sqft
If you're seeking rural tranquility and modern comfort this 5-bedroom farmhouse nestled on 13.95 acres of serene land may be the home for you! From the moment you step inside, you're greeted by a sense of warmth and welcome, inviting you to unwind and savor the peaceful surroundings. The living room includes a wood-burning stove to indulge in on chilly nights year-round. Further on to the kitchen, you'll quickly fall in love with the farmhouse charm and walk-out dining area to the back deck for ample entertainment space. Down the hall, you'll find the master bedroom with an additional two more across the way. A 3/4 bath adjoins the master bedroom with a stunningly tiled free-standing shower. Another 1/2 bath with a classic clawfoot tub can be your escape when the world gets busy! Continuing to the basement is a family room with another wood-burning stove and bonus media or theater room for your own or guest entertainment. In the laundry room, you'll never run out of space for clean (or dirty) clothes. A final two bedrooms on the basement level allow everyone to have their privacy. With zoning for horses and livestock, it's a haven for animal lovers. Outside you'll have incredible views such as Pikes Peak and more than enough property to home your livestock. A chicken coop, along with hay storage, a tac shed, and several fenced areas to separate animals is included. Don't miss out on this opportunity to own 13.95 acres just on the outskirts of town!
Source: RECO #7148788
Interest rate and monthly payment estimated based on public records.
Source: RECO #7148788
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: #7148788
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