6200 CANYON TRL, Elizabeth, CO 80107
Another price adjustment! Incredible 5 bedroom,4 bath, 2 story custom home situated on 35 glorious acres, including a breathtaking view of Pikes Peak. The main floor entrance will amaze you, with impressive 25 foot ceilings, and flows into the large dining room that exits to the private side patio with hot tub (included) and flowing water feature. The eat-in kitchen is a delight for the chef enthusiast with granite counters, stainless steel appliances, an abundance of cabinets (all cabinets and drawers thru out house are slow close) and a walk-in pantry. On to the main floor primary suite featuring a gas fireplace (framed by stone) walk-in closet, private bath and exits to the private side patio. Stairs lead to the second floor where you are greeted by an enormous family room with an incredible gas fireplace surrounded by stone and a mini kitchen. There is a second master suite, 2 additional bedrooms and 2 jack and Jill bathrooms. All bedrooms have walk-in closets. Exit the second floor into the back yard with 3 acres (fenced for private use) and a gazebo perfect for entertaining. The house also boast central air with 3 zones, all house fan, ethernet wired throughout, solar powered security system and sprinklers in both front and back. . The oversized 3 car garage is incredible with 30-amp RV hookup. The property is amazing, feel free to explore, it is worth your time. Discover the seasonal pond (formally Russell Reservoir) and a hidden treed park area ideal for camping outs with solar lighting. There is a 12x12 foot workshop with electric that is perfect for your crafts or special projects. Property is fully fenced with a loafing shed, so bring your horses, cows or llamas, there are no HOA’s or restrictions. Adjudicated Water Rights are included.
You may be able to put down less than the total down payment amount of $256,646 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: #5812580
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