12635 Halleluiah Trl Elbert, CO 80106
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About this home
Situated in the desirable Latigo neighborhood, this home offers a tranquil setting with stunning views of Pikes Peak & a spacious, level lot adorned with mature pine trees. The property provides a peaceful & functional space, perfect for enjoying the natural surroundings. The exterior features a large, covered front porch & a generous back deck, ideal for outdoor relaxation & entertaining. A 24x20 shed/workshop with attached loafing shed provides convenient storage & shelter, with plenty of space for hay storage as well. The front yard is fully fenced & two separate pastures in the back offer secure areas for animals or recreational use. Inside, the home boasts a thoughtfully laid-out floor plan with separate living & dining rooms, along with a spacious family room that has abundant natural light from large windows, built-in shelves & a cozy fireplace. The family room also offers direct access to the back yard. The kitchen features an eat-in area that flows into a large, tiled sunroom with walk-out to back deck, creating a great flexible space for various needs. The main level also includes a half bath & a laundry room for added convenience. Upstairs, you'll find three well-sized bedrooms & two full bathrooms, including a dedicated primary suite with an attached bathroom & a walk-in closet. The fully finished basement offers even more living space, with a large rec/family room & an additional flexible area, currently used as a non-conforming bedroom. A third bathroom & extra laundry hook-up in the basement provide additional functionality. This home offers a fantastic blend of indoor & outdoor living, with plenty of space & beautiful views, all in the desirable Latigo neighborhood. Residents enjoy access to the Latigo Equestrian Center as well as the planned neighborhood easements for riding. Located in the highly regarded D-49 school district, this property also provides quick access to Meridian Road & Highway 24, making commuting & daily errands a breeze.
Source: PPMLS #1058690
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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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