2640 Cache Creek Ct, Castle Rock, CO 80108
5 beds · 5 baths · 4,223 sqft
Welcome home to Terrain! This ideal ranch on a corner lot of a cul-de-sac is ready for it's new owners! Walk in and fall in love with how light, bright, and airy this home is. Recently updated kitchen will be sure to delight the chef in the home with a large island, upgraded appliances, gas range, and a pantry! The living room flows seamlessly between the kitchen, breakfast nook, and patio creating an ideal entertaining space. Snuggle up on the couch with your gas fireplace on for movie night! Oversized dining room provides ample space for large gatherings. Primary suite is private and serene providing a place to truly unwind and relax. En-suite bathroom with glass shower, large soaking tub, dual sinks, and an oversized walk in closet. Three additional main floor bedrooms with ample storage space make this floorplan ideal! In your fully finished, walk out basement you'll find a massive great room that can be used for virtually ANYTHING you can dream up. It even has a wet bar to make entertaining even easier. The basement bedroom can be used as a home office. One of the best surprises this house offers is a steam room in the basement bathroom. Relax at the end of a long day or climb in after a work out to soothe sore muscles. Additional space in the basement can be used for a home gym, craft room, playroom; the options are endless. This home is on almost a quarter acre - your new backyard is perfectly sized and has tons of space for corn hole tournaments, fire pit nights in the fall, and BBQs in the summer. Located in the Terrain community that has 2 pools, a dog park, and miles of trails this home is truly exceptional. Within walking distance to the local elementary school and nestled just east of downtown Castle Rock where there are tons of community events, shopping, and dining you'll be sure to fall in love! Come see this beauty today!
Source: RECO #9828365
Interest rate and monthly payment estimated based on public records.
Source: RECO #9828365
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: #9828365
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