415 Main St, Cripple Creek, CO 80813
4 beds · 4 baths · 2,242 sqft
Discover a unique and rare gem at 415 Main St, Cripple Creek, CO, right in the heart of historic Cripple Creek. This captivating 4-bedroom, 4-bathroom residence offers themed rooms, making it an ideal setup for a B&B, VRBO (Airbnb), or simply a charming place to call home. VERY LOW PROPERTY TAXES!!! The main floor features a primary bedroom with a luxurious bath, ensuring comfort and convenience. Recent upgrades include a stunning NEW ¾ Gauge Copper Metal Roof, NEW exterior paint, a newly painted fence, and updated windows. The home boasts a large game room perfect for entertaining and a custom kitchen that any chef would adore. Step outside to a generously sized backyard with multiple private areas, offering a serene escape. Enjoy the covered back patio for outdoor relaxation and entertainment in your private yard. This special property offers endless options and possibilities. Living at 415 Main St places you among Cripple Creek's highest casinos and premier hotels, including the luxurious Chamonix. Savor delicious meals at nearby restaurants like Saltgrass and don't miss visiting the famous 4-legged 2 Mile High Club. Whether you’re looking to run a successful hospitality business or find a distinctive home, 415 Main St provides an extraordinary opportunity in a vibrant community.
Source: RECO #4035028
Source: RECO #4035028
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: #4035028
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