17548 Colonial Park Dr, Monument, CO 80132
4 beds · 5 baths · 4,226 sqft
Nestled in a breathtaking forested setting this property offers a perfect blend of luxury, craftsmanship, and nature. This stunning home boasts an open floor plan designed to capture wide-open and mountain views, creating a seamless connection between indoor and outdoor living. At the heart of the home, the expansive great room captivates with soaring ceilings, built-ins that frame a stunning oversized fireplace, and large windows that flood the space with natural light. This inviting space seamlessly flows into the gourmet kitchen, where every detail has been designed for both style and function. A massive island serves as the centerpiece, offering ample prep space and casual seating. Every detail showcases exceptional quality, from the Brooks Brothers cabinets throughout the home to the custom-milled wood accents sourced from trees on the property, which have been beautifully repurposed for mantles and a one-of-a-kind basement wet bar counter. Each bedroom is a private retreat with its own en-suite bathroom, ensuring ultimate comfort for residents and guests alike. Designed for both function and indulgence, the oversized garage is equipped with hot water and is pre-plumbed for a utility sink. The home’s outdoor spaces are equally impressive, with a covered deck featuring gas and electric connections and a patio off the basement walkout—perfect for entertaining, soaking in your private hot tub or simply enjoying the tranquility of the surrounding landscape. Backing to a walking trail, this property provides a rare opportunity to enjoy the beauty of Colorado’s natural surroundings while still embracing the convenience and sophistication of a custom-built luxury home.
Source: PPMLS #1500987
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Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Rates and payments are estimates based on public records.
Source: Public records
Source: PPMLS #1500987
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.