1051 Forest Hill Rd Woodland Park, CO 80863
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About this home
Welcome to this spacious and functional raised ranch home in the city of Woodland Park, perfectly positioned to capture one of the most breathtaking views of Pikes Peak and the Front Range. Situated on a quiet, private 1.11-acre lot (including adjacent 1/2 acre parcel), this 5-bedroom, 3-bath home offers a rare blend of space, comfort, and natural beauty—ideal as a full-time residence or peaceful mountain retreat. The vaulted great room and dining room on the main level are filled with natural light and frames one of the most picturesque Pikes Peak views in the area—especially now as the golden fall colors mingle with deep green evergreens. Enjoy the scenery from the great room wall-of-windows, full-length back deck that spans the entire home, and a walk-out from the master suite, which features a private bath and direct access to the outdoors. The open kitchen includes a breakfast nook, ideal for enjoying your morning coffee with the stunning mountain views. Two cozy wood-burning fireplaces—one on each level—create a warm and inviting atmosphere throughout the seasons. The fully finished lower level offers a large family room and wet bar, additional bedrooms, and plenty of space to relax or entertain. Whether you're looking for a full-time residence or a serene mountain hideaway, this home offers the best of both worlds. Enjoy quiet evenings fireside, or sip morning coffee overlooking the mountain beauty, this home delivers the best of mountain living—just minutes from all the amenities of Woodland Park. Don’t miss your chance to own this one-of-a-kind property with unmatched views and timeless charm.
Source: RECO #2550118
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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.
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