27677 PINE GROVE TRL, Conifer, CO 80433
Fantastic Conifer retreat! Originally built as a cabin in the 1960s, the home has been thoughtfully expanded over the years, creating bright and sunny living spaces while retaining its rustic warmth and charm. It is tucked away on a quiet forested lot, yet so close to the essentials. Grocery stores, schools, restaurants and shops are a quick traffic-free drive away. This home offers an airy, open floor plan, with wood-clad ceilings, exposed wood beams, and an abundance of natural light. The living room features a newer wood-burning stove, while the spacious, vaulted family room features tons of windows, skylight, wood-clad ceilings and a second wood stove. The kitchen has stood the test of time, with plenty of knotty pine cabinets, window seat and exposed wooden beam and trim. Upstairs, you'll find three additional bedrooms and a full bathroom, The primary bedroom features wood-clad vaulted ceilings and a walk-in closet. The lower level offers a private bonus space. Use it as the primary bedroom, guest suite with 3/4 bathroom, multi-gen living or work-at-home space. The exceptional lot features a gently sloping yard with plenty of room to expand, a small pond, and a huge patio. Five sheds provide ample space for storage.The owners of the home are organic gardeners, and grounds have been prepared to grow vegetables, fruit and flowers. Wildlife abounds in this alpine forest. Peaceful, green views out of every window in the home. The neighborhood is adjacent to the 400 acre Flying J Ranch Open Space Park. The park offers endless hiking, biking, and horseback riding. A new roof will be installed before closing. Offering plenty of space, an affordable price and a great lot, this home presents endless options. Don't miss the chance to make it your own.
You may be able to put down less than the total down payment amount of $335,060 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #7949652
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