2584 Lakes Edge Dr, Monument, CO 80132
4 beds · 3 baths · sqft sqft
Assumable Loan! Live an extraordinary lifestyle in the coveted Forest Lakes Community, where every day feels like a retreat. Enjoy live concerts at the gazebo, scenic trails, paddleboarding on Bristlecone Lake, and endless outdoor adventures—all steps from your door. This breathtaking ranch redefines main-level living, offering stunning mountain views with a layout that balances elegance and practicality. The open-concept design combines modern sophistication with cozy charm. The gourmet kitchen is a chef’s dream, featuring 42” cabinets, a stylish tile backsplash, sparkling quartz countertops, ample counter space, a large pantry, and high-end stainless-steel appliances, including a gas stove. Flowing seamlessly into the inviting living room with luxurious LVP flooring, you'll find a cozy gas fireplace, ideal for relaxing or entertaining. The primary suite is a private oasis with a spa-like en-suite bath, dual vanity, oversized shower, and a spacious walk-in closet. A second bedroom, full bath, and a laundry room (washer and dryer included) complete the main level. Down the upgraded staircase is a fully finished basement designed for entertaining and relaxation. This expansive area includes a generous family room, plumbed for a wet bar, along with two additional spacious bedrooms, a full bath, and abundant storage. Outside, the professionally landscaped backyard is perfect for entertaining. It boasts a 16x10 patio, custom xeriscaping, and uplighting that creates a magical ambiance. Relax under the stars, host unforgettable BBQs, or soak in the serene mountain views. The oversized garage provides additional storage and workspace options. Nestled just minutes from I-25, this home blends tranquil, nature-filled living with easy access to shopping, dining, and entertainment. Don’t miss this Forest Lakes masterpiece; it won’t last long! See it in person and make this dream home your forever retreat!
Source: PPMLS #3338888
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #3338888
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: #3338888
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.