861 Circle Rd, Palmer Lake, CO 80133
4 beds · 4 baths · 2,667 sqft
Welcome to this turnkey Palmer Lake Signature Home™! Main-level great room w/tall ceilings is swimming in natural light & is an inviting place to entertain! The gourmet kitchen is the center of the home with granite counters, a pantry & island seating! The dining space walks out to the composite south-facing deck where you will love to drink coffee & meet the morning sun! Expansive living room for gathering! Cozy gas fireplace, recessed lighting & a wall of windows showcases the views of the Front Range! The adorable powder room is uniquely placed off the stairway to the upper level! Upper level includes the primary bedroom with a walk-in closet and an en suite spa-like bath with a soaking tub, water closet, custom tile shower and a double vanity! There are two other bedrooms and another full bath on the upper level plus the sunny laundry room includes the washer & dryer! Brand NEW QUALITY FLOORING and NEW INTERIOR PAINT thru-out! New furnace in 2022! Central air! The lower level was utilized as office space for a family tech business…it includes one bedroom, a full bath, two offices or craft rooms, plus a game/flex room that walks out to the flagstone patio! Well water! Private, fenced back yard for pets & play! Attached 2-car garage! Extra wide concrete driveway provides ample parking with a spot for your RV (reinforced for a heavier rig), plus a 50-amp power supply! Well-built storage shed! Enjoy views that will replenish your peace! NO COVENANTS or HOA! Close to shopping & easy access to I-25! Excellent Lewis-Palmer schools! Palmer Lake is a little mountain paradise with two reservoirs, the Lake, unlimited outdoor recreation & smalltown traditions that are second to none! Walk to yoga or ride your bike up the Santa Fe Trail to the Palmer Lake Rec Area where you will find fishing, kayaking, paddle boarding, ice skating, disc golf, pickle ball, volleyball, a playground, trails & more! Palmer Lake is where love lives™?…and you should live here too!
Source: PPMLS #3724337
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #3724337
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #3724337
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.