12790 GOULD RD, Fountain, CO 80817
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!
You may be able to put down less than the total down payment amount of $317,670 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: #7148788
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