707 Sun Ridge Cir, Palmer Lake, CO 80133
3 beds · 3 baths · 3,068 sqft
This stunning custom-built tri-level home, located on 1.24 acres of pristine forested land in Palmer Lake, offers breathtaking views of Chautauqua and a meandering stream through the property. It backs to a National Preserve, providing easy access to miles of trails, hiking, biking, fishing, and other outdoor activities. Home features five custom decks and patios, blending the best of indoor and outdoor living with high-quality finishes like stamped concrete flooring, Pella fiberglass windows, and an indoor/outdoor wood-burning fireplace. The gourmet kitchen is truly a chef’s dream, featuring top-tier professional appliances, including a Sub Zero fridge, a 6-burner gas range, double ovens, and a 10-foot granite island. It also includes custom black walnut cabinetry, a "secret" walk-in pantry, wet bar, and kegerator. The kitchen flows into the dining area, extending to a large back deck perfect for entertaining. A “food truck window” opens to a front deck breakfast bar. Invite the outside in with a massive expanse of panoramic 6-panel modular window/door systems. The main living area includes a home theater system with a 120” screen, surround sound, and smart home automation. The main floor also has a bedroom, full bathroom, and a spiral staircase to a loft space that can serve as an office, gym, or extra bedroom. The lower level features a compass-painted foyer, a redwood deck, a master suite, a junior suite, and a game room. Each suite has private patio access, walk-in closets, and en-suite bathrooms with high-end finishes like spa shower, slate walls, waterfall shower-heads. The home also offers a spacious laundry room, a fully-loaded Klondike Arctic Spa, and custom-made live-edged LED dining table. The property blends luxury, functionality, and a seamless connection to nature, making it perfect for both entertaining and peaceful retreats. With expansive living spaces, cutting-edge technology, and outdoor recreation access, this home is one-of-a-kind.
Source: PPMLS #5486143
All values shown are estimated costs / mo.
Source: Public records
Source: PPMLS #5486143
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.