6485 PINEWOOD DR, Parker, CO 80134
Situated in a prime location with stunning golf course and mountain views, this beautifully updated home in the prestigious Pinery neighborhood features three bedrooms, three bathrooms, and an open floor plan with vaulted ceilings. Enjoy plenty of natural light filtering through the large windows while cozying up next to the wood burning fireplace. The granite kitchen countertops, travertine backsplash and stainless-steel appliances add a touch of elegance to the space. The primary bedroom comes complete with a walk-in closet and a private bathroom that includes two separate vanities and a spacious shower. Outdoor and golf enthusiasts will appreciate the three outdoor living spaces, detached two-car garage and putting green in the private courtyard that's the perfect sanctuary to relax, have your evening meals, or entertain family and friends. Options are endless in the open and spacious finished basement that includes an additional wood burning fireplace and walkout access. Ideally located within walking distance to The Piney Country Club where if you choose to became a member you can take advantage of the golf course, swimming pools, tennis courts, fitness center, dining, and various social events. Enjoy the low maintenance life and have more time for all the amenities, trails, parks, restaurants, etc. that Historic Parker Colorado has to offer!
You may be able to put down less than the total down payment amount of $51,936 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: #9667209
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