453 Castle Mountain Dr, Florissant, CO 80816

Tucked away in the central Colorado Rocky Mountains, just an hour west of Colorado Springs, this delightful 3 bd/2 ba ranch home on 3 acres is just darling! The drive in will mesmerize you with some of the most incredible countryside exploding with lush valleys, meadows, and vistas thriving with ponderosas, vibrant aspen, wildlife and wildflowers. Situated in the serene Saddle Mountain Heights subdivision in Guffey, this mountain cutie is perfect for all stages of life! The floor plan offers a terrific main living area with an open kitchen and dining area featuring stylish laminate wood flooring, abundant hickory cabinetry, gas cooking, attractive appliances, and all the comforts you could ask for! The cozy living room has just enough space for you and your loved ones, with the warmth of a genuine wood-burning stove highlighting magical moments to come. The west side houses the primary bedroom with an ensuite and walk-in closet that is spacious and inviting. Additional bedrooms and a bath to the east provide space for everything else your heart desires. Durable fiber cement siding and composite decking on the front and back decks promise years of enjoyment. Convenient RV accommodations provide extra guest space when needed. Continue using local providers to fill the 3000-gallon water cistern or consider adding a well on the Platte side of the property. Plenty of electricity-supplied storage buildings give you space for projects and ‘honey dos’ set against the majestic backdrop of Pike’s Peak! A roomy metal garage offers shelter for all of your toys! Offered by the original owner of this once-forever mountain haven, you’ll have the luxury of being the recipient of one of the most thoughtfully planned mountain destinations in the area! Plus, local access to acres of federal and state-owned land extends your backyard and exploration. If this property feels like it should be yours, come see it today!

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

• Buyers
• Agents
• Sellers

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.

Last updated: Nov 26, 2024 12:26 pm

Listing agent: Daniel Sullivan (719) 689-5501

Listing provided courtesy of: Saddle Up Realty LLC (719) 689-5501

Details provided by RECO and may not match the public record.
MLS ID: #3745772

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