14560 Spiritwood Loop, Elbert, CO 80106
3 beds · 2 baths · 2,212 sqft
Located 10 minutes from the conveniences of Falcon, yet set apart for the privacy and solitude country living offers, step into the rustic elegance of this unique two-story home, where charm meets durability. With wood-look cement siding and a fenced yard this low maintenance retreat may be the perfect one for you. The expansive parking area offers ample space for vehicles and activities, while the 24'x32' converted barn/shop is ready for various uses. The exterior showcases thoughtful landscaping and functional beauty. Enjoy evenings on the front porch swings, illuminated by solar lights along the paver walkways. The large, fenced area is freshly mulched and landscaped, complemented by a sprinkler and drip system. A dedicated dog run ensures your pets have their own space. The home also boasts a newer roof and gutters for added peace of mind. Inside, modern convenience blends with rustic charm. The oversized laundry room is equipped with ample storage, making chores a breeze. The remodeled kitchen features knotty alder cabinets, granite countertops, a copper sink, and stainless steel appliances. The open-concept dining and living area is perfect for entertaining, with hardwood floors, vaulted ceilings, and a cozy wood-burning fireplace insert. The main level also includes two comfortable bedrooms near a full bathroom with modern fixtures, ideal for guests or family.Upstairs, the owner suite is a private retreat with hardwood floors, a romantic Juliet balcony, and an en-suite bath designed for relaxation. Additional features include built-in garage shelving, a horseshoe pit, a circular drive and powersetter awning. Extras like a freezer, beer fridge, and storage in the attached two-car garage enhance the home's appeal. Surrounded by an abundance of wildlife, this home offers a perfect blend of rustic charm and modern luxury, providing a sanctuary for those who appreciate both comfort and nature.
Source: PPMLS #1165515
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #1165515
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: #1165515
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.