8840 Palomino Ridge Vw, Peyton, CO 80831
5 beds · 4 baths · 3,650 sqft
Enjoy the peaceful solitude of wide open spaces while being only minutes away from city conveniences. Desirable Main Floor Living with fully finished, garden-level basement on a 35 Acre Ranchette. Stunning Craftsman-style Stone and Stucco Exterior and a comfortable covered front porch welcome you and your guests. Enter the home to find an amazing open floor plan with vaulted ceilings framing Pikes Peak perfectly! To the right of the Entry, you will find the spacious laundry area complete with shelving, hanging and drying racks as well as a built-in dog wash. To the left of the entry is the front bedroom and 3/4 guest bath. The Gourmet Kitchen has Double-Ovens, Gas Range, Large Island/Breakfast Bar, Walk-In Pantry and spacious Dining Nook. The Living Room has vaulted ceilings, gas fireplace and built-in shelving. The Primary Suite includes a 5-Piece Bath with Free-Standing Tub and Walk-Thru Spa Shower complete with 4 Shower Heads, Bench and Dry Off Area. Walk-In Closet provides convenient access to Laundry Room and Pet Wash. Basement offers loads of additional room to spread out with a Family Room, Wet Bar and card table nook as well as 3 additional bedrooms and 2 baths. The basement also has a couple separate storage rooms and a full, interior perimeter drainage system. The covered back Deck and patio area is perfect for entertaining complete with gas grill hook-up, hot tub and above ground pool. Always wanted a Hobby Farm? Here is your opportunity! Bring your horses, donkeys, pigs goats and chickens! Need another dwelling? Two houses are allowed! This community has Equestrian Access Easements and each lot has one-acre foot of water rights in the Denver Aquifer. Have lots of vehicles or toys? There is a 2-Car attached Garage plus a 34'x38' RV Garage/Shop with 14' Tall Garage Doors at Front AND Back! Located approximately 5 miles from Hwy 24, you have easy access to Peterson SFB, Schriever SFB and Woodmen Road.
Source: PPMLS #6907253
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #6907253
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: #6907253
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.