1185 Fawnwood Rd Monument, CO 80132
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About this home
BE HOME FOR THE HOLIDAYS! Bursting with charm and thoughtfully updated, this classic two-story home sits on nearly an acre in the highly sought-after Woodmoor neighborhood. Just a short walk from HOA-maintained open spaces with trails, ponds, and stunning Pikes Peak views. This corner lot is surrounded by mature ponderosa pines and scrub oak, offering privacy and a serene, natural setting. Step inside to a light-filled living room with a bay window framing lush greenery and a red brick wood-burning fireplace with an extended mantle—perfect for seasonal décor. The updated kitchen features granite countertops, stainless steel appliances, oven with stylish range hood, and custom cabinetry with pull-out shelves. The adjacent dining room easily accommodates a large table & includes extra counter space, storage, & a wine cooler for effortless entertaining. A powder room & access to the attached two-car garage complete the main floor. Solid hardwood flooring spans both main & upper levels, combining classic style with easy maintenance. Upstairs, the spacious primary suite features a private balcony overlooking the backyard and en-suite bath. Two additional bedrooms & full bathroom complete the upper level. The finished basement offers a cozy family room with a second fireplace, a 4th bedroom with new French doors—ideal as a guest room, office, or playroom—and a large unfinished area with laundry & ample space for storage. The backyard features a concrete patio, playset, and climbing wall—perfect for outdoor fun. This home has great bones & system updates including newer Champion windows, new roof & sewer line - giving you peace of mind for years to come. The Woodmoor community features multiple HOA-maintained open spaces with walking trails, Toboggan Hill for sledding, private 24/7 security, and the use of the community center ("The Barn") for private events. Don’t miss this incredible opportunity to own a beautiful home in one of Monument’s most desirable neighborhoods!
Source: PPMLS #8660409
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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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