618 S CARLTON ST, Castle Rock, CO 80104
Welcome to this spacious 4-bedroom, 2-full-bath, 2-half-bath home in the affordable Founders Village. This home offers incredible potential and a fantastic location, backing directly onto scenic trails & the newly designed Mitchel Gulch Park, debuting in summer 2024. Four, upper level, generously sized bedrooms provide ample room for family and guests. One of these bedrooms is the Primary bedroom with a 5-pc ensuite bath that is updated in a modern design. Additionally the laundry is on the same upper level as these bedrooms. The finished partial basement gives a bonus space with an egress window & a half bath. Inside unfinished portion of basement, there is a lockable "closet" recently used for "pewpew" storage (removed now) & can be used for anything needing a locking area. Enjoy peace of mind with brand-new appliances throughout, ensuring a fresh start for your kitchen and laundry needs. Kitchen has tile countertops & upgraded white cabinetry. A spacious deck, overlooking the trails, Mitchel Gulch Park & soccer fields is perfect for relaxing & taking in breathtaking sunsets, creating an ideal outdoor retreat. A new (HOA approved) tree will be planted in the front yard before closing, adding to the home’s curb appeal and providing extra greenery. Founders Village residents enjoy a low HOA fee of $50/quarter that includes access to a community pool, as well as trash & recycling services, simplifying your lifestyle. Situated in Founders Village, you’ll be close to schools, shopping, dining, and the picturesque surroundings of Castle Rock. This home has the potential to shine and become a true gem. Don’t miss your chance to invest in this promising property. Schedule a viewing today and envision the possibilities!
You may be able to put down less than the total down payment amount of $200,753 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: #3776310
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