17660 Table Rock Rd, Colorado Springs, CO 80908
4 beds · 3 baths · 3,773 sqft
Architectural log masterpiece tucked in woods of Black Forest on 5 acres creating a retreat from the hustle and bustle of daily life. Exquisite custom crafted luxury home with amazing attention to detail, large diameter artesian quality Englemann Spruce logs that were hand scraped and hand peeled. New 40x72 metal building perfect for RV storage, workshop, a car collection or barn with electric, LED lighting, a 10x10 overhead door and a 12x14 RV overhead door. No HOA or covenants. The acreage has been mitigated and is park like with towering Ponderosa Pines and lush green meadows with deer visiting often. Dramatic great room with 2-story ceilings, a wall of windows, structural log beamed ceilings with tongue and groove wood, a wood burning stove with river rock surround and a walk-out to the massive 55x10 well maintained deck which was engineered and prewired for a hot tub. Expansive main level primary suite with a walk-in closet and freshly remodeled bath with heated towel rack, leathered granite double vanity with copper pelted sinks, a standalone cedar tub, beautiful cabinetry slate floors, the shower has a heated floor and two shower heads including a rain shower head. Open concept kitchen with high end cabinetry, new appliances, stone counters and an island w/ cook-top and overhead lighting. Charming dining room that you will never want to leave surrounded on all sides by windows looking out to the surrounding forest and a walk-out to a private secondary deck. Upper level open loft w/ fantastic architecture and space for a variety of uses currently counted as a bedroom. Finished lower level with two additional bedrooms, a jack and jill bathroom, large family room, spacious laundry room and a walk-out. New class 4 impact resistant roof in 2022. Prewired for a generator. High quality radiant heat. This is the Colorado dream and the only log home on the market in Black Forest - see this gem quickly! Virtual tour and commercial marketing video available.
Source: PPMLS #6204066
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #6204066
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: #6204066
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.