616 N Brentwood Ct, Castle Rock, CO 80104
3 beds · 1 baths · 1,012 sqft
Welcome Home to Founders Village! This highly sought-after neighborhood features many amenities including miles of walking trails (that will show off the petrified wood in the local Fossil beds), pickle ball courts, sport fields, Founders Park and 25 acres of fun, and Rock Ridge Elementary (Douglas County School District). Founders Village is truly one of Castle Rock's most active communities! This beautiful home is located in a cul-de-sac for privacy, and . The home sits on a generous 7100 square foot lot that is fully fenced. The roof is brand new. The home has been freshly painted... just wait until you get inside! The interior of the home greets you immediately with high vaulted ceilings and tons of natural light. For a home this size, it certainly packs a punch!!! The Luxury Vinyl floors- that greet you upon entry- are durable, beautiful and water proof. The Living Room also offers a gorgeous brick-clad wood-burning Fireplace. The Kitchen features a built-in pantry, lots of cabinet space and a convenient adjacent Dining Room. The Upper Level features 3 spacious bedrooms, including a large Master Suite. This Primary Bedroom offers access to the adjacent bathroom, and also features 2 big closets (a rare find!). The secondary bedrooms are also large, and have spacious closets as well. The home also offers a large 2 car garage. This home is a truly unique value proposition within Founders Village. Welcome Home!
Source: PPMLS #7827222
Source: PPMLS #7827222
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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.
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 “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.
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 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.