5854 MAIDENHEAD DR, Windsor, CO 80550
PRICE IMPROVEMENT OF $30,000! Welcome to the Madison - an open floor plan with spacious living area, 5 bedrooms, gourmet kitchen, upgraded stainless appliances, formal dining, solid hickory wood floors, gas range/hood, double oven, pantry, gas fireplace, 5pc luxury bath, humidifier, tankless hot water, walk-out basement, backyard landscaping w/drip system, ceiling fans, wall safe, regular safe, pool table, covered deck, upgraded lighting, oversized 3 car tandem garage, shop space, storage, 60% finished basement, and more! In the heart of sought-after north Windsor, this beautiful home offers a prime location and impeccable features. One hour from DIA, local shopping & restaurants nearby, and 90 min to Rocky Mountain National Park. Convenience meets elegance with a main floor primary bedroom, complete with a luxurious bath that's perfect for unwinding after a long day. With three bedrooms, laundry, kitchen, eating area, formal dining, living room, and deck access all on the main, this is truly the nerve center for Colorado living. Embrace an active lifestyle with the walkout basement that offers two more bedrooms, full bath, recreation room with pool table [included] and plenty of unfinished space for a workshop and storage. With the days already getting shorter, you'll appreciate the living room fireplace, providing warmth and a sense of comfort when the chill of Fall arrives and snow beings to fall.Don't miss the opportunity to make this charmer your forever home. Get ready to fall in love with a property that captures your heart, offering a lifestyle of tranquility, adventure, and beauty.
You may be able to put down less than the total down payment amount of $281,161 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: #ir1015959
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