637 Rock Rd, Bailey, CO 80421
4 beds · 2 baths · 3,196 sqft
A Storybook setting at approximately 9,000 feet, this beautiful five-level mountain home is quietly tucked into the side of a mountain surrounded by 10 private acres of majestic forest. The Pike National Forest is your backyard, with 40,000+ acres to explore and enjoy. Hiking, nature walks, horseback riding, hunting, four-wheeling, or just taking in the stunning views of Mt. Rosalie and the Rocky Mountain range. A mountain spring-fed creek runs throughout the property. The land has a pond fed from the creek, and the water runs continuously through it. This home offers commuters an easy commute to the Denver Metroplex (45-50 min), Breckenridge (one hour 20 min), Buena Vista River rafting (one hour 20 min), Conifer (25 min), 5-minute drive to Highway 285 and 10-minute drive to Bailey, CO. Completely renovated in 2013! The home boasts granite countertops, stone flooring, tiled bathrooms with handpainted tiles, and sinks imported from Mexico. This beautiful property is partially fenced with a back-pasture gate entrance. There is abundant wildlife for you to enjoy: foxes, bears, moose, deer, elk, and more. The property offers four outbuildings, a hay barn, a tack room, a barn with two stalls, and a storage building, including a chicken coop and a fenced-in dog run. WIFI, electric and natural gas. The water well is state-designated for livestock. The driveway will allow up to four cars to park. This home has a landline and an AT&T cell tower that is visible from the home. Your buyers will enjoy reliable Century Link wifi and a landline. A Home or a retreat, a hidden gem! The land has been fire-mitigated through a public grant. The seller is offering a one-year home warranty.
Source: RECO #9001616
Interest rate and monthly payment estimated based on public records.
Source: RECO #9001616
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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 “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.
MLS ID: #9001616
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