4840 Limestone Rd, Monument, CO 80132
5 beds · 4 baths · 3,543 sqft sqft
Discover a contemporary masterpiece nestled on 1.73 acres at the base of the mountains, offering panoramic views of the city, stunning rock formations, and the national forest. This exceptional home, crafted with care by a mother-daughter team, has been thoughtfully designed to blend quality, beauty, and functionality seamlessly. Enjoy the natural beauty just steps away, with trails to the national forest only a two-minute walk from your door. Embrace seamless indoor/outdoor living with 45 feet of covered deck featuring glass railings and a private fire pit, an expansive patio accessible from the kitchen, and perfectly positioned windows framing the breathtaking outdoors. No expense was spared in this home, featuring beautiful wide-plank hardwood flooring, designer custom tile work, and hand-picked stone slabs. The open-concept kitchen, living, and dining areas flow onto a large deck with stunning views, creating an ideal space for entertaining. The kitchen boasts a 5-burner induction stove, smart double oven, luxury dishwasher and refrigerator, and a hammered stainless steel farm sink. Retreat to the luxurious master bathroom, complete with a striking black free-standing tub, double vanity, and an indulgent shower. The attached extraordinary closet includes a custom dressing table and shelving. The oversized garage offers 800 square feet with 14-foot ceilings, while the exterior decks and patios provide an additional 600 square feet of living and entertaining space. This wonderful new home is ready to create beautiful memories.
Source: RECO #3269206
Interest rate and monthly payment estimated based on public records.
Source: RECO #3269206
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: #3269206
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