12190 Smoke Bluffs Rd Elbert, CO 80106
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About this home
Welcome to this beautifully appointed 5-bedroom, 4-bathroom home situated on a private 2.51-acre lot. Designed with both elegance and functionality in mind, this home features an open-concept layout with soaring 9-foot ceilings and large windows that flood the space with natural light. The main level offers a formal dining room, cozy sitting area, home office, and convenient half bath. The gourmet kitchen boasts stainless steel appliances, an upgraded refrigerator, abundant cabinetry, and ample counter space. It opens to a sunny breakfast nook and a spacious living room complete with built-in shelving and a gas fireplace. A well-located laundry room just off the garage enhances daily convenience. Dual HVAC systems (2 furnaces, 2 A/C units) efficiently service each side of the home for year-round comfort. The finished walk-out basement is ideal for entertaining with a media room (projector and screen included), full wet bar, two large bedrooms, a full bath, and a versatile bonus room. Outdoor access makes it perfect for seamless indoor-outdoor gatherings. Upstairs, you'll find a spacious loft/family room, two additional bedrooms with a shared full bathroom featuring a double vanity and private shower area. The luxurious primary suite offers a large sitting area, spa-like 5-piece bath with soaking tub, walk-in shower, dual vanities, private toilet room, and an expansive walk-in closet with custom built-ins. Exterior features include a large back deck, fully fenced yard, and separate fenced dog run—perfect for enjoying Colorado’s beautiful seasons. This property blends modern living, expansive indoor-outdoor space, and comfort on a quiet, spacious lot—ideal for families or those seeking privacy with convenience. Don’t miss your opportunity—schedule your private showing today!
Source: PPMLS #6546344
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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.