2120 Lee Circle Dr, Woodland Park, CO 80863
4 beds · 2 baths · 4,852 sqft
Escape from the hustle and bustle to this RARE quiet ranch estate only a few minutes from town! As you turn down the gravel driveway and pull through the header, prepare to be stunned by the incredible Pikes Peak views from this 8 acre property that backs to Pikes National Forest! This spectacular property boasts a main residence that backs to a lush gulley before entering in to the Pikes National Forest. Home also boasts front and back decks to take in the views and room to spread out. During the cold months, enjoy the day in the bright sun room that is located right off of the kitchen and living room. This spacious home has bedrooms are on every level, three wood burning fire places, full walk-out basement, and expansive decks off the front and back of the home. Steps from the main residence is a charming cabin that dates back to the 1960’s Girl Scout camp days. Compete with so many unique touches, this special cabin could be a wonderful guest house, rental, or home office! Detached 3 car garage is a perfect place to tinker, or park all of your vehicles. Horse enthusiasts will fall in love with the adjacent barn complete with 5 stalls plus room for 2 more that have indoor/outdoor access, loafing shed, tack room, office, and more. After saddling up, take the private access to hit the trails. Steps from the barn, large fenced pasture or outdoor riding area provide extra room for all of your animals. The crown jewel of this property is the incredible 144x106 foot indoor riding arena complete with lights, heat, additional stalls, office, tack room, kitchenette and wash area, and hay storage. Roll up doors on both ends of the arena provide for incredible views while riding! Property is completely fenced and also has an RV plug in and septic connection line. Additional outdoor arena/pasture next to indoor arena has lots of possibilities! This opportunity to own a little slice of cowboy heaven near all the modern conveniences of town only comes along once in a lifetime!
Source: PPMLS #6212648
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #6212648
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: #6212648
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.