37158 SOARING EAGLE CIR, Severance, CO 80550
Video: https://youtu.be/3tapNcdjNYM* Acreage, Open space, mountain views, privacy, walk-out basement, 3 car attached garage, and a detached 25x30 garage are just the beginning of the wonderful features you will find at this beautiful ranch home in desired Soaring Eagle Ranch. Offering 4 bedrooms + 4 baths along with nearly 5000sqft of living space. The main floor boasts vaulted ceilings, wood floors, knotty alder trim and an open floor concept. The kitchen has beautiful new Cambria quartz surfaces, bar style counter seating, and a spacious butler's pantry. Including a breakfast nook large enough for a dining table and a separate dining room. The primary suite has deck access, mountain views, 5-piece bathroom, and a spacious walk-in closet. Enjoy sunlit mornings, shaded evenings and views of Longs Peak on the enormous composite deck, complete with both a pergola covered section and a newly added open area. The main floor is nicely rounded out with a designated office, 2 additional bedrooms, a full bath, half bath, laundry room and mudroom from the garage. Venture to the full walk-out basement where you will find ample space for a variety of activities. The rec room with a kitchenette can fit a pool table or ping pong, dart boards, tv's and more! Also featuring an additional living space, fully loaded theater room, a bedroom, full bathroom and a hidden workout room. The basement walks out to a covered patio with remote controlled sunshades and under-decking with lighting so water doesn't fall through from the deck above. The thoughtfully landscaped outdoors includes a large fenced backyard, flagstone patio, firepit and raised garden beds. Outdoor water is provided by the community irrigation pond. All complemented by energy efficiency through owned Solar Panels, 2x6 framing, a new tankless water heater, and HVAC system updated in 2021.
You may be able to put down less than the total down payment amount of $639,279 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: #ir1013887
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