57 Angel Wings, Guffey, CO 80820
3 beds · 2 baths · 1,901 sqft
Get a free consultation call with an expert in the mortgage assumption process.
PRICE DROP, considering all offers. IF YOU'RE ON A QUEST-for sunshine, privacy, pure mtn living your search is over. No HOA, this popular, raised ranch design w/tuck under garage sits on the south face of a mtn inhabited with Pine, Aspen, granite & wildlife. Open floor plan & views from every room, this mtn contemporary was retirement hideaway for rhythm/blues enthusiast. Back in the day this quaint, historic town was called Freshwater, producer of minerals, gold & silver. Cattle ranching & lumber supplemented the eclectic community, dances & fiddlers became big attractions. Also back in the day this homeowner jammed w/ the classics (BB King, Willie Nelson, Alhman Bros), traveled the world, settled at the foot of these granite cliffs, and crafted his rhythm/blues to the forest. The open concept offers dual primary ensuites, valuted ceilings, a natural flow between centralized living, dining & relaxtion by the wood burning fireplace. Keeping the floor plan shallow allows sunlight to reach deep into the interior. Plentiful windows & doors emphasize the seamless connection to the beautiful landscape. Kitchen has large 8' island, gas cooktop for intimate breakfasts/entertaining. Lots of cabs, shelves, sunny window make meal prep a delight. 86' deck wraps entire south side, accessed by 3 walkout doors. Vaulted, the space is spacious. Dual master ensuites flank the living and dining areas. Generous walk in closets & baths in both bedrooms. 3rd bedroom on lower level, unfinished & ready to become your bonus space. Dbl car garage, workshop & HVAC room on lower level. Includes Arctic Cat ATV, purchased 10/23, & hauling trailer. Chainlink fencing surrounds the house for dog run. Handicap accessible, the home includes entry 15X4 wood wheelchair ramp, rollin shower, safety bars, stairway electric chair lift. Easy drive to Cripple Creek, Royal Gorge, ski resorts, epic sports, 1 hr to metro Colo Spgs. Checks all boxes.
Source: RECO #8140559
All values shown are estimated costs / mo.
Source: Public records
Source: RECO #8140559
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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