1378 Millstone Ln Woodland Park, CO 80863
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About this home
Comfortable ranch style home located on a large, almost half an acre lot in a cul-de-sac making a private and enjoyable setting among the pines! The expansive floorplan of almost 2500 sf offers an incredible gourmet kitchen offering a 9' center island, knotty alder cabinetry, slab granite countertops, stainless steel appliances including 5 burner gas stove w/ hood vent, french door refrigerator, large open well sink, and a huge walk-in pantry! The great room offers the living and dining area located in a vaulted expansive space, wood laminate flooring, includes a Lopi electric start wood-burning stove to offer extra warmth in those cold wintery months! Custom TV entertainment wall includes wooden shelving, and a "framed in" felt backdrop for a wonderful sound insulation barrier. The owners suite is expansive w/ vaulted ceilings, walk-out to the rear composite deck, includes carpeting, & attaches to a beautiful 4 pc. bath with marble tile flooring, and custom shiplap accent walls above each vanity, a large walk-in tiled shower w/ a bench, and a nice walk-in closet designed with built-in shelving and double clothing rods. The floor plan includes 3 additional bedrooms, 2 including carpet, while the front bedroom is currently an office and includes wood laminate flooring. 3 car attached garage, plus customized laundry area w/ ship lap walls and storage cabinets. Covered rear deck in composite finish for ease of maintenance, and a large storage shed. Beautiful touches and finishes completed throughout the home. Wonderful location on a quiet street!
Source: PPMLS #9079745
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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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