584 Pikes Peak Dr, Florissant, CO 80816
5 beds · 4 baths · sqft
A once-in-a-lifetime property offered in the mountains of Colorado that has never been listed for sale. This property features over 5,000 sq ft completed with 5 bedrooms, 4 bathrooms, and 30 acres of usable land. The interior and exterior have been completely remodeled making this a brand new home including the roof, windows, personal entry gate, completely redone concrete, flooring, cabinets, water fixtures, light fixtures, bathrooms, the boiler, the water heater, and the well pressure tank just to name a few. On the main level you’ll be greeted into the home through glass french doors onto upgraded vinyl flooring overlooking the open concept. The living room has built-ins, a high efficiency fireplace, and opens up into a kitchen that would make anyone’s dream come true - a double island, double ovens, double sinks, custom cabinetry, an insert microwave, two dining areas, a walkout onto patio space, and upgraded granite countertops. You’ll enjoy the executive master suite that includes views people travel for, additional relaxation space, a fireplace completed in stone, walkout to the covered porch that is ready to go for a hot tub, and all new finishes in the 5-piece master bathroom. Entertain guests in the lower walkout level complete with the kitchenette, a large family room, a guest suite that is attached to the fully remodeled bathroom, and a private patio. On the upper level you’ll find two additional bedrooms complete, a loft area, and an additional bathroom. Not only is the interior of the home easy to enjoy with all of the upgraded finishes, but you won’t want to miss the exterior. With a large covered wrap around porch, a freshly finished pavilion, a hookup for a hot tub, and expansive Colorado Mountain views - it’ll be hard to not be outside! This 30 acre property with nicely usable land is not governed by an HOA - you can have horses (property is fully fenced!), hunt, set up a shooting range, hike, or even camp at the RV hookups on the property.
Source: PPMLS #4395618
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #4395618
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: #4395618
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