17505 Arrowwood Dr, Monument, CO 80132
4 beds · 2 baths · 3,151 sqft
Get a free consultation call with an expert in the mortgage assumption process.
RARE GEM! Welcome to this stunning home nestled on 2.3 acres of peaceful ponderosa pines just minutes to Monument shopping and Award-Winning D38 Schools. Zoned for horses with 3 stall barn, heated oversized 3 car garage/workshop, and the freedom of no HOA. Move-in ready and exquisitely upgraded with spacious floorplan. MAIN LEVEL: Warmly welcome guests with charming shiplap, brick floor, & convenient mudroom style bench. Behind the bookcase hides a Secret Room for office/storage/pantry/safe. Main Level Bedroom features a fireplace & closets. Big enough for multiple bunkbeds! Can flex as a media or living room. Glass doors walk out to stone patio, swing sets, & raised garden beds. UPPER LEVEL: Rest in this elegant owner’s suite with double walk-in closets & modern full bathroom. Entertaining made easy in the Gourmet Kitchen: white cabinets, Quartz countertop, gas stove, double ovens, pullout storage, & stainless-steel appliances. Huge 4x10' island with solid butcher block top with storage on every side! Right off the kitchen, enjoy your coffee with the sunrise or dinners with family and friends on the 12x20’ composite deck. The open concept Kitchen/Dining/Family Room boasts hardwood floors, vaulted ceilings, an inviting window seat, & built-in cabinets that serve as a Desk Area or a Beverage/Coffee Bar with the perfect space for a wine cooler. LOWER WALK-OUT LEVEL: Features a Family Room with stone fireplace & built-ins, window-lined 24x10' Sunroom that opens to backyard, 2 Large garden-level Bedrooms, Full bathroom, & Utility/Laundry Room. Upgrades include whole house humidifier, air purifier, water filter. Low EMF home. No HOA! Chickens, goats, & more are welcome! HORSE ZONED with 3 Stall Barn, double doors, electric panel, tack room, & hay storage! Good bones, just needs TLC. DOMESTIC WELL allows for watering horses & garden irrigation. Oversized 3 car GARAGE/WORKSHOP: 36’x30’ insulated and *heated* with built-in storage shelves and workbench!
Source: PPMLS #7998193
All values shown are estimated costs / mo.
Source: Public records
Source: PPMLS #7998193
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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 and Equal Opportunity Act.