93 Busch Run, Fairplay, CO 80440
2 beds · 2 baths · 1,656 sqft
Charming Ranch-style home with 2-bedroom, 2-bathrooms, sits on a sprawling 6.42-acre lot, offering privacy, tranquility, and stunning views of the surrounding Colorado landscape. The home features a spacious, open floor plan with vaulted ceilings in the dining area and large windows that bring in plenty of natural light bringing the outdoors in. Inside, you'll find a beautifully remodeled kitchen with all-new stainless steel appliances, perfect for the home chef. The game room (400 sq. ft.) is a standout feature, offering plenty of space for fun and relaxation. Complete with a pool table, it could also easily be converted into a third bedroom or additional living space to suit your needs. Step outside to your private oasis—enjoy the fresh mountain air and relax in the hot tub while taking in the stunning surroundings. The property also includes a heated large oversized 2-car garage, providing plenty of storage or workshop space for all your mountain gear and toys. And for outdoor enthusiasts, the location can't be beat! Enjoy world-class skiing just 22 minutes away at Breckenridge Ski Resort, or explore the charming downtown area of Fairplay, just a short drive away. Whether you're hitting the slopes in winter or exploring local shops and dining options, this home offers an unbeatable location to make the most of all the Colorado mountain lifestyle has to offer. With 6.42 acres, this home offers endless possibilities for outdoor exploration, gardening, or even building additional structures. Whether you're seeking a weekend getaway or a year-round mountain home, this property provides the perfect balance of comfort, style, and natural beauty. Bonus: The home offers ample space for expansion or personalization. Don’t miss this opportunity to own a slice of Colorado paradise!
Source: RECO #6723664
Interest rate and monthly payment estimated based on public records.
Source: RECO #6723664
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: #6723664
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