7350 FREMONT PL, Larkspur, CO 80118
Nestled in the peaceful forest of Larkspur, CO, this mountain contemporary cabin style home offers spacious living with six bedrooms and four bathrooms. Situated on a nearly one-acre lot surrounded by ponderosa pines, this 4,405 square foot home is a perfect retreat for mountain style living yet not too far from everything Colorado has to offer. In the kitchen you'll find granite countertops, a large island, a breakfast nook, and it opens up to the living room with a cozy fireplace. The large dining room provides ample space for holiday dinners and activities with family and friends. This spacious home features three bedrooms upstairs, one bedroom on the main level - perfect as a guest room or an office space, and two additional bedrooms in the basement. The large rooms provide ample space for all your furniture and decorations, making them a comfortable and inviting space. This captivating home also features a spacious primary bedroom with a walk-in closet and a sitting area - perfect for relaxing after a long day. The spa-like five-piece primary bathroom offers a luxurious retreat, while the balcony off the bedroom provides a tranquil outdoor space to enjoy your morning coffee or evening sunset. This charming home boasts a finished basement featuring a family room with a fireplace, a game space with a wet bar and a built-in wine rack for storing your favorite bottles. Perfect for entertaining guests or enjoying a quiet evening in, this additional living space adds functionality and style to the property. The expansive back yard features a large deck perfect for outdoor dining, or summer BBQs. Enjoy the scenic beauty of the area while being just minutes away from the Bear Dance Golf Club, Colorado's home of the PGA. With a prime location at the back of a cul-de-sac, this home offers an inviting and peaceful life in a quaint small town.
You may be able to put down less than the total down payment amount of $171,515 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: #5260018
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