13360 Lariat Cir, Elbert, CO 80106
3 beds · 2 baths · 1,824 sqft
Welcome to the enchanting Latigo Equestrian Community, where this charming home brings together the perfect blend of comfort and countryside living. Situated on over 5 acres of land, this retreat offers 3 bedrooms and 2 baths, providing the ideal space you've been longing for. Step inside and be greeted by an inviting great room, complete with a stunning stone gas fireplace. The master bedroom not only features two walk-in closets, but also an attached bath with a luxurious garden/jetted tub. The kitchen area is a true delight, boasting a gas range and a farmhouse sink and a conveniently located attached laundry room. Imagine starting your day by sipping your morning coffee on the front porch, surrounded by the tranquility of the breathtaking views. Alternatively, you can create unforgettable memories by hosting gatherings on the spacious back porch. The property is thoughtfully equipped with a drip system and newly planted trees, ensuring a lush and vibrant landscape. And for those with a love for horses, you'll discover a 36x36 barn with 4 box stalls, automatic water with a no-freeze feature, a 12' alley, and ample space for tack and hay storage. If you're someone who enjoys working on projects, the oversized garage with shelving and benches will fulfill your dreams. And for entertainment options, the nearby Latigo Equestrian Center offers a restaurant, bar, and a variety of exciting events and shows throughout the year. This property truly represents the epitome of peaceful rural living within a close-knit community, while still providing convenient access to amenities. Welcome home to the best of Colorado living!
Source: PPMLS #3968834
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #3968834
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: #3968834
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.