9720 W HIGHWAY 24, Green Mountain Falls, CO 80819
BACK ON MARKET WITH GENEROUS PRICE IMPROVEMENT! Welcome to this charming mountain home, featuring the peace and privacy of mountain living, with all the conveniences of nearby city amenities! Nestled between Manitou Springs and Woodland Park on Highway 24, you will never be far from shopping, emergency services, restaurants, hiking, hunting, camping, state parks, military bases... the list goes on. This prime location gives you the best of everything when it comes to the Colorado lifestyle. The home features main level living, with mahogany kitchen cabinets, new windows, and freshly refinished hardwood flooring. Additional updates include a radon mitigation system, water softener, PEX piping, and upgraded electrical wiring. Don't worry - there is still ample opportunity to make your own improvements and boost equity quickly! Enjoy the nearly 1.5 acre property all summer and fall. When winter comes, settle in front of the cozy fireplace in the living room while watching the snow fly from the large window bank. Come through the kitchen and into the solarium, providing gorgeous views of the back of the property and the night sky, while offering protection from the elements. Continue down the stairs for access to the basement, with TONS of storage space and plenty of room for a workshop, or create a completely separate, private entry living space for a built-in income property - the possibilities are only limited by your imagination! The property features two sheds and a two car garage with electrical capability to accommodate an Electric Vehicle charge port, or whatever your needs prove to be. The private patio is shaded and perfect for... a future hot tub? A large, flat roof covers the garage, and is just waiting for you to fashion an outdoor living space for watching the native wildlife, barbecues, sunbathing, painting - you decide! The only thing this home is missing is YOU! Ask your agent to schedule a tour today - this mountain gem won't last long at this price!
You may be able to put down less than the total down payment amount of $61,151 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: #9434092
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