16088 Denver Pacific Dr, Monument, CO 80132
6 beds · 4 baths · 3,844 sqft
Welcome to this stunning ranch home with a finished walkout basement, perfectly situated on one of the largest lots in Promontory Pointe! With six bedrooms and four bathrooms, this spacious home blends comfort and style in a sought-after location within District 38. The main level features newly refinished hardwood floors, a bright living room with gas fireplace, and a kitchen built for gathering—complete with a large island, farm sink, granite counters, stainless steel appliances, and a huge walk-in pantry that connects to the mudroom. The mudroom and laundry area offers a custom counter, easy garage access and the washer and dryer are included. The dining room includes deck access and beautiful views. The main-level primary suite offers a peaceful retreat with an ensuite bathroom including a walk-in closet, dual sinks, private water closet and step-in shower. Two additional bedrooms and a full bath complete this level. Step outside to the extended composite deck—perfect for relaxing or entertaining. Downstairs, the walkout basement is ideal for movie nights and guests, featuring a wet bar, spacious family room, hidden media room behind a Murphy door, and three more secondary bedrooms including a junior suite. Enjoy the outdoors in the fully fenced backyard with lush sod, a fire pit, retaining wall, and hot tub on a poured concrete patio. The oversized finished 3-car garage provides extra storage and convenience. This turnkey home offers curb appeal, thoughtful design, and incredible indoor-outdoor living—don’t miss your chance to call it home!
Source: PPMLS #9812996
Financials
Source: Public records
Source: PPMLS #9812996
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.