740 Deer Clover Cir, Castle Pines, CO 80108
4 beds · 3 baths · 3,574 sqft
Welcome to this exquisite traditional ranch-style luxury home in the highly sought-after Castle Pines community. Nestled in a prestigious neighborhood, this nearly 4,000 sq. ft. residence offers a seamless blend of elegance and comfort. Step inside to gleaming hardwood floors that flow throughout the open-concept living space. The gourmet kitchen boasts all stainless steel appliances, granite countertops, perfect for entertaining. Pristine condition with new paint, carpet, and vinyl flooring throughout. The spacious primary suite features a 5-piece master bath with a stunning clawfoot tub, dual shower heads, and premium finishes, creating the perfect spa-like retreat. Enjoy the expansive finished basement, ideal for a home theater, fitness space, or guest quarters. Large windows throughout the home showcase breathtaking views of the golf course, while the outdoor living space is perfect for Colorado’s beautiful seasons. This move-in ready luxury home offers unparalleled quality, modern amenities, and a prime location. Experience the best of Castle Pines living—schedule your showing today!
Source: RECO #9050414
Financials
Source: Public records
Source: RECO #9050414
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.
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.
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