104 Mt Elbert Dr Florissant, CO 80816
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About this home
On Top of the World Views – Private Mountain Retreat on 1.65 Acres Perched high with sweeping, panoramic views, this 3-bedroom, 2-bath mountain getaway offers the perfect blend of seclusion and convenience. Nestled on a beautifully treed 1.65-acre lot, this 1,536 sq ft home features an open-concept great room with a walk-out to expansive wraparound decking—ideal for soaking in the breathtaking scenery. The interior has been thoughtfully updated with new luxury vinyl flooring and a beautifully remodeled kitchen boasting granite countertops and modern finishes. The main level includes a spacious master suite and fully remodeled bath, while the walk-out lower level provides a cozy family room, two additional bedrooms, a full bath, and a generous laundry room complete with washer and dryer. Enjoy peace of mind with a good-producing well, well-maintained septic system, and a recently stained exterior (completed less than 2.5 years ago). The fenced yard offers a secure space for pets or play. RV parking with electric around to the left of the property. Located just minutes from world-class fishing, under an hour to the Colorado Springs Airport, and only 90 minutes from internationally renowned ski resorts—this home is your gateway to adventure while remaining a private and peaceful sanctuary. Your mountain lifestyle starts here. Don’t miss this opportunity to own your own piece of Colorado paradise!
Source: PPMLS #9119445
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.