878 Tree Bark Ter, Monument, CO 80132
5 beds · 5 baths · 4,034 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Colorado living found at this .34 acre heavily treed lot, facing open space and mountain top views. Literally step across the street and enjoy 9 miles of forested hiking trails. Enjoy sunsets to the sound of a bubbling boulder from the covered front deck and extended patio. Gleaming hardwood floors flow through much of the main level. Wood beam ceiling grace the living room as does a lovely gas fp. Gourmet kitchen had an extended island with board and batten detail, 5-burner gas cooktop, coffee bar, butler’s pantry, abundant cabinets with under cabinet lighting. Primary suite enjoys custom board and batten wall, electric fireplace, barn door to en-suite spa bath with large frameless shower, quartz bench, dual vanities, linen cabinet, primary wardrobe closet was customized and thoughtfully exits into the laundry for convenience. Second main level bedroom (office) has a walk-in closet and nearby full bathroom. Down the iron spindle stairway notice the thoughtful dusk to dawn stair lighting. The spacious family room is great for entertaining. Wet bar has lighted shelving, built-in wine racks, and mini refrigerator. Tucked away from the excitement is a large secondary primary suite with adjoining bathroom and walk-in closet. There are two more bedrooms, a fifth bathroom plus a large storage room on this level. Back upstairs, walk out the dual sliding glass doors to the peaceful sound of the two-tier waterfall cascading downhill or cozy up around the built-in gas firepit. Fenced yard has a winding concrete path on one side and gravel path on the other. Front/back yard includes auto wired landscape lighting and auto sprinklers. The patio was conveniently extended and includes gas line for grill. Three car garage is insulated, sheetrocked, offers new bright lighting, has high ceiling and dual openers. Other features are a security system, mud room*central A/C*humidifier*Nest thermostat*radon system*sump pit*Ring doorbell, 6 tv mounts wired so no cords hang down!
Source: PPMLS #8953021
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: PPMLS #8953021
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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.