240 N Holcomb Cir, Castle Rock, CO 80104
2 beds · 2 baths · sqft
Welcome to 240 North Holcomb Circle, where charm meets modern living in the heart of Castle Rock, CO! This delightful 2-bedroom, 2-bathroom home is a cozy retreat with 1,260 square feet of thoughtfully designed space. Step inside and be greeted by the warmth of hardwood floors and the inviting glow of a wood-burning stove, perfect for those chilly Colorado evenings. The living area boasts a fireplace that adds a touch of elegance, while dual pane windows ensure energy efficiency and comfort. The kitchen is equipped with a dishwasher, disposal, microwave, and refrigerator, making meal prep a breeze. Gas heat and forced air keep the home toasty year-round. Venture downstairs to discover a full basement with bathroom and laundry also offering endless possibilities for a home gym, office, or entertainment space. The attached garage provides convenience, while the spacious lot of 6,578 square feet features a back yard perfect for outdoor gatherings. Relax on the deck or take a dip in the communal pool, and unwind in the hot tub after a long day. Parking is a breeze with included spaces, and carpet floors add a touch of coziness to the bedrooms. This home is a perfect blend of comfort and style, ready to welcome you with open arms. Don't miss out on this modern gem!
Source: RECO #5324895
Interest rate and monthly payment estimated based on public records.
Source: RECO #5324895
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: #5324895
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