4318 Fossil Way, Castle Rock, CO 80109
3 beds · 2 baths · 1,390 sqft

Get a free consultation call with an expert in the mortgage assumption process.
Welcome home to this lovely ranch style home located in the highly desirable Meadows Neighborhood. This well-maintained, single owner home has many upgrades. The gorgeous hickory hardwood flooring is throughout the family room, kitchen and hallway. All three bedrooms have brand new upgraded carpet. The kitchen is a chef's dream with high end stainless steel appliances, additional cabinetry, ample counter space, and 42" upper cabinets for plenty of storage. The wall oven does baking, convection, stir fry and more! There is also a trash compactor. The dining area with its bay window can accommodate a large table (the Seller's table expanded to seat 14 people). There is also a whole house water filtration system included. The eight foot tall doors throughout the home makes it feel grand. The family room with its vaulted ceiling is light and bright and the open floorplan is great for entertaining. The upgraded French door leads to the backyard patio perfect for outdoor dining. The two car alley loaded garage comes with shelving and a 220v outlet and the refrigerator is included. This home is located on a quiet street close to the many walking trails located throughout the community. Enjoy the amenities of the Meadows neighborhood which include the pool, pickleball and tennis courts, Castle Rock Adventist hospital, movie theater, Ridgeline Open Space, ACC/CSU campus, The Promenade, The Outlet mall and restaurants. **Refrigerator in the garage stay. Ring camera stays. Seller will leave Patio table & chairs on back patio if Buyer wants them. This home is move in ready, make it yours.
Source: RECO #6908642
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: RECO #6908642
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.

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