5115 Ditmars Ln, Castle Rock, CO 80104
7 beds · 4 baths · 4,920 sqft
Secure this home's 2.75% assumable mortgage, save thousands annually, and close in 45 days when you work with Roam. Inquire with the listing agent for more details. This expansive 7-bedroom, 4-bathroom residence, in the desirable subdivision of Crystal Valley Ranch, offers a perfect blend of comfort and style. This is the ultimate family or multigenerational home. You will love the open layout filled with natural light, ideal for entertaining or family gatherings. The gourmet kitchen is a chef's delight, equipped with stainless steel appliances, granite countertops, an extra-large island, pantry and ample cabinetry. Conveniently located on the main floor, an office space is perfect for remote work or study. As you venture upstairs you will find a large loft and primary suite, it is a true retreat, with TWO large walk-in closets and a spa-like 5-piece bathroom for ultimate relaxation. There are three other good size bedrooms and another full bathroom. The laundry room is conveniently located upstairs! The fully finished basement is a must see! This spacious open layout offers endless possibilities, ideal for a game or recreation room—perfect for movie nights with friends and family. The basement includes two generously sized bedrooms, both with egress windows, ensuring plenty of natural light and safety. One of bedrooms has a walkthrough 3/4 bathroom with convenient access through the bedroom or living room area. Another large walk-in closet and finished storage under the stairs to keep everything organized. The space is well utilized. There is brand new carpet and fresh paint throughout. As you make your way to the backyard, step out onto the deck with pergola that has been freshly stained. Other features include an in-ground trampoline and 3-car finished garage with epoxy floor. This home is close to many amenities: rec center, parks, horse boarding facilities, golf clubs and so much more! Embrace a lifestyle of convenience and community in this remarkable home.
Source: RECO #8998507
Interest rate and monthly payment estimated based on public records.
Source: RECO #8998507
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: #8998507
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