860 BRAMBLEWOOD DR, Castle Pines, CO 80108
Beautifully landscaped home conveniently located on a cul de sac in Castle Pines. This property is part of the highly desired Brambleridge Village community & its low maintenance features - HOA includes lawn mowing, tree & shrub trimming, irrigation water, snow removal, trash and recycling, and community pool, trails & parks! This house is only a short walk to the Village Club Pool. Lots of updates including brand new Trex deck, new roof & gutters (impact resistant shingles helps with homeowners insurance discount!), new 50 gallon water heater, newer lighting, fencing, fixtures and more. The main level of the house features an inviting entry/foyer with a vaulted ceiling; office with french doors and 2 walls of built in bookshelves; powder room; dining room; family room with fireplace, mantel, built in's, ceiling fan and is wired for surround sound; kitchen with eat in area, wood flooring, breakfast bar, LG double oven, Jenn-Air microwave and stove, extended cabinets and counters, tile backsplash; and laundry/mud room with a utility sink, cabinets and counters, & a window for lots of natural light! The Primary Suite has a ceiling fan and attached 5 piece bath with barn door, large jetted tub, cedar lined walk in closet, and fireplace. Also upstairs is a 2nd ensuite bedroom with attached full bathroom, as well as a spacious loft that can easily be converted into another bedroom. The walkout basement is finished w/ a bedroom, bathroom, large family room/office that can be used in many different ways. There is also tons of storage -- a bonus storage room that has built in shelving, another cedar lined closet, and the mechanical/storage room with newer furnace with humidifier, new water heater and 400-500 bottle wine cooler! Oversized 2 car garage with workspace and shelving, central vacuum system, large brand new trex deck w/ metal railing, stamped concrete patio, flagstone sitting area, fenced yard, central AC. Easy access to Denver & Highlands Ranch.
You may be able to put down less than the total down payment amount of $291,658 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: #2929626
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