159 Blue Grouse Dr, Canon City, CO 81212
5 beds · 3 baths · 2,880 sqft sqft
Rocky Mountain Home with serene views in every direction! This beautiful home was built in 2000 and has been lived in by its current owners since. Upon entering the home, you'll be greeted by a spacious family room and a kitchen that contains a breakfast nook, granite countertops, slow-close cabinets, stainless steel appliances and a dual oven. The downstairs features a theater room, living room, office, and is complemented by a second kitchen, consisting of a refrigerator, microwave, kitchen sink, counters and cabinets. Some of the home’s newest updates include a brand-new roof and a spacious enclosed patio that can be opened to enjoy summer night breezes or warmed up for a snowy day. Out back you’ll also find a courtyard that contains a vented shed (with electric) known as the “Outdoor Kitchen”. This is built with fire safety features and is created for barbequing and cooking. An additional 2-car garage with tall ceilings and a shop ensures you’ll have plenty of room. The property is located on the outskirts of town and is merely 10-15 minutes to any grocery store, school, gas station or hospital. For those of you who want to truly enjoy Colorado’s outdoors, Dawson Ranch has numerous trails for you to hike and enjoy in your own neighborhood! Furthermore, Canon City has the Arkansas River running through for fishing, rafting as well as the San Isabel National Forest just a few miles south where you can enjoy motorized trails, camping and hiking. Book your showing today!
Source: RECO #1746164
Interest rate and monthly payment estimated based on public records.
Source: RECO #1746164
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: #1746164
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