244 Silver Lakes Dr, Dumont, CO 80436
3 beds · 3 baths · 2,356 sqft
Stunning mountain home, huge level lot, adjacent to creek with 5 garage spaces & panoramic views! This property has it all and is ready for your Colorado lifestyle. The home has a wonderful flow, gets great sunlight and has great spaces indoors & out. It has been updated throughout including: newer roof, water heater, siding and more. The attached garage is 676 SqFt with room for cars, gear, a garage fridge and more. An oversized & heated, 1200 SqFt shop has 3 stalls plus room for all your equipment and powersports toys. Tesla solar panels supply most of the electricity for the home. Inside, the gleaming wood floors, large windows and tall ceilings invite guests into your mountain getaway. The spacious living room welcomes from the front door all the way to the back deck. The cozy wood burning fireplace is great on chilly evenings. This home has a "kitchen-centric design". The chef's kitchen connects on one end to the mudroom/pantry & sunny breakfast nook. It is next to the formal dining room and on the other side is access to the deck for grilling and entertaining. Cook up a storm with the high-end range, newer appliances, butcher block counters and a sprayer sink. Dine in the formal dining room, breakfast nook or on 1000+SqFt of decking & patios. A primary bedroom is separate from the other rooms and is huge. It has a sitting area, a walk-in closet, 5 piece bath and a clawfoot soaking tub with a view. Upstairs there are two bedrooms with views, separated by a full bath. If you are busy and active you will appreciate the mudroom with storage and the adjacent main floor laundry. The basement is 1500 SqFt of unfinished space with an exterior door. It could be a seperate suite or a huge family room with theater and bar. Enjoy local historic mountain towns, rafting, biking/hiking, motorsports, nearby lakes, casinos and more. This home is within 1.75 hours of 7 world class ski areas yet only 35 minutes to the Denver area. 4.6% assumable loan!
Source: RECO #6196679
Interest rate and monthly payment estimated based on public records.
Source: RECO #6196679
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: #6196679
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