3845 Timeless Dr, Castle Rock, CO 80109
6 beds · 4 baths · sqft
Location! Location! Location! This 6 bedroom, 5 bathroom Castle Rock home located in the highly desirable Meadows community truly sits above the rest on a premium nearly quarter acre lot (.22) with finished walk-out basement and views upon views from every door! Walking distance to Clear Sky Elementary, Bison Park and multiple trail heads into Ridgeline Open Space - this home will check all of your boxes! As you walk up to the covered front porch, you'll be greeted as you enter the front door with a welcoming foyer and spiral staircase that leads you into the open floor plan where the living room and eat-in kitchen flow seamlessly into each other maximizing your space for connection! The main floor also features a bedroom, dedicated office, butlers pantry & large dedicated pantry, 3/4 bathroom and dedicated dining room. You'll love the durability & easy maintenance of the wood tile throughout the entire main level! Head upstairs where you'll find the primary suite with 5-piece bathroom and large walk-in closet that also connects to the laundry room which is separated with a catwalk to the other 3 bedrooms - 1 is an ensuite & 2 connected with a Jack & Jill bathroom. Don't forget about the finished walk-out basement that is a large open space for you to fill as best fits your needs plus it has a bedroom, full bathroom and dedicated storage space separate from the mechanicals. Step outside to take in all that Colorado living has to offer - the landscaped backyard has a large concrete pad great for a hot tub or fire pit in addition to plenty of space for the dogs or kids to run around, the large deck off the kitchen has plenty of room to hold your grill and patio furniture and the covered front porch let's you enjoy the beauty of this neighborhood nestled up against Ridgeline Open Space.
Source: RECO #7747778
Interest rate and monthly payment estimated based on public records.
Source: RECO #7747778
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: #7747778
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