6916 Ocatillo Vw, Fountain, CO 80817
4 beds · 3 baths · sqft
Discover this Gem! Just off Highway I- 25 between Colorado Springs and Pueblo, this 4-level house cannot be missed. It sits on 8.2 acres of land, fenced and zoned RR-5 for horses and other animals. Surrounded by open space, the property offers breathtaking views of the Mountain Range and Pikes Peak. Upon entering the residence, you will notice the remotely operated gate and a concrete driveway leading to the 5-car attached garage; two tandems and one spot for a compact car. The house features 4 bedrooms, 3 full bathrooms and an unfinished basement with a total of 3,117 square feet. Open concept layout on the main level has a kitchen with a breakfast bar, stainless steel appliances and granite countertops which then flows into the dining area and living room. From the dining room step outside to the covered patio and a wood deck and enjoy the views while relaxing in this idyllic setting. The laundry room is spacious and located on the main level with included washer & dryer. There are 2 bedrooms upstairs and 2 bedrooms located on the lower level. The Primary bedroom is generously sized with two walk-in closets, a 5-piece master bathroom with double vanity, a separate shower and a bathtub. The other bedroom upstairs is extended with a connected space, which can be treated as a 5th bedroom but unconforming. Lower level of the house is made for entertainment; it features a family room with an electric fireplace, two ample bedrooms, a full bathroom and below that unfinished basement with a gym mat for exercise enthusiasts. No HOA fee on this property! Incredible improvements done by the owners include Radon Mitigation System, Water Softener; New AC/furnace combo, Freshly painted interior and exterior; New roof and Paid OFF Solar Panels to save on your energy bill. The house is Move-in Ready! Indulge yourself by owning a slice of what Colorado has to offer not too far away from the city with modern living interiors and convenient upgrades. Definitely worth a closer look!
Source: PPMLS #3209276
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #3209276
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: #3209276
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