660 SUDBURY ST, Castle Rock, CO 80104
**OPEN HOUSE SUNDAY AUGUST 15th 1PM - 3PM** Rare Opportunity! Over 3200 Finished SQ FT! 1/4 Acre Lot w/ Mature Trees & Private Backyard! Brand New Roof! Location Location! Walking Distance to Flagstone Elementary & Mesa Middle School! This Same Model Just Sold for $690,000 in the Same Neighborhood! Awesome Functional Floorplan! Soaring Vaulted & Cathedral Ceilings! Open, Light, and Bright Living Room! Large Kitchen w/ All Stainless Steel Appliances, Upgraded Cabinets w/ Pullout Drawers, Tons of Counter/Cabinet Space, and a Good Sized Pantry. Wired for Surround Sound in Family Room! Main Level Laundry and Mud Room w/Convenient Utility Sink! Spacious Primary Suite w/ Vaulted Ceilings, a Luxurious 5-PC Bath, and a Large Walk-in Closet! 4th Bedroom Upstairs Also has a Walk-In Closet! The 5th Bedroom in the Professionally Finished Basement has a Spacious & Upgraded On-Suite Bathroom! West Facing w/ Amazing Sunsets from the Covered Front Porch! Nice Extended Back Patio, Fire Pit, Gas hookup to Grille, and Front & Back Sprinklers! Drywalled Garage! Coded Front Door Lock! 159 Acres of Open Space in Surrounding Area and Nearly 3 Miles of Trails & Walkways in Castlewood Ranch! Famous Castlewood Canyon State Park just to the East, w/ Beautiful Scenery & Terrain that provide Limitless Opportunities for Hiking, Biking, Rock Climbing, Bird Watching, Picnicking or just Sightseeing! Other Nearby Parks Include Mitchell Creek Canyon Trail, Founders Park, and Matney Park. Castle Rock has Tons of Shopping & Restaurants In the Downtown Area as Well as at the Outlets! The List Goes On…This is a Special Property at an Unbeatable Price!
You may be able to put down less than the total down payment amount of $257,553 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: #1675419
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