4840 LIMESTONE RD, Monument, CO 80132
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.
You may be able to put down less than the total down payment amount of $132,584 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #3269206
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