635 Wakanda Trl, Woodland Park, CO 80863
3 beds · 2 baths · 1,778 sqft
This little gem hidden in the forest will have you giddy with excitement from the moment you pull into the driveway. Just off the beaten path, but only 10 minutes to the town of Woodland Park, this cabin has it all! Currently being used as a short term vacation rental, it has 3 bedrooms, 2 full baths and views that will keep you enjoying the great outdoors all year long! The main level showcases an open concept kitchen, dining and living room space that are all inviting and bright. There is a sliding glass door walk out at the dining room, so you can enjoy the beautiful mountain views and fresh mountain air from the spacious deck. The living room is anchored by a stacked stone gas burning fireplace to keep you warm and cozy. The main level also has a master bed and bath for convenience and privacy. On the lower level, you will find 2 nice sized bedrooms and another full bathroom. You'll love spending time in the lower level family room, nestling up to your family and watching a good movie while you watch the wildlife play! And, when you need to stretch, you can take a stroll through the lower level walk out. Outside, the cedar siding with the green accents are exactly what a mountain home should look like and you have an extra detached garage/workshop too! The views and setting from this home are as close to ideal as you can possibly get. So whether you are looking for a new home, and investment property, an AirBnB or even a summer home, this one perfectly fits into your mountain home dream.
Source: PPMLS #8045065
Financials
Source: PPMLS #8045065
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.