8290 Meadowcrest Dr, Fountain, CO 80817
3 beds · 3 baths · 2,800 sqft
Welcome to this exceptional two-story home in the desirable Cross Creek neighborhood within the Widefield School District. As you approach, the home's inviting curb appeal and covered front porch set the stage for what awaits. Upon entering, you're greeted by a spacious living room featuring soaring vaulted ceilings that enhance the sense of openness. The generously sized kitchen offers ample cabinet and countertop space, complemented by a convenient pantry for additional storage. A laundry closet and half bath complete the main level. Upstairs, the expansive primary suite boasts an attached five-piece bathroom and a walk-in closet, with plenty of wall space to arrange your furniture as desired. Two additional well-proportioned bedrooms and a full bathroom provide comfortable accommodations on the upper level. The unfinished basement presents an opportunity for storage or future expansion, allowing you to tailor the space to your needs. Situated on an 8,000-square-foot lot, this home offers a generous outdoor area for various activities. Conveniently located, the property provides quick access to I-25 and Powers Boulevard, with schools, parks, and shopping centers nearby. This home is ready for you to make it your own! School bus stop for School District 8 is also close by, and school of choice should allow either school district. Verify school district choices with the school district you are interested in.
Source: PPMLS #7254047
Financials
Source: Public records
Source: PPMLS #7254047
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.