1563 Southpark Rd Florissant, CO 80816
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About this home
Welcome to your very own mountain getaway in beautiful Colorado Mountain Estates! This charming 3-bedroom, 2.5-bathroom home is nestled on 2 private acres, offering the perfect blend of comfort, convenience, and outdoor adventure. Located just 20 minutes from Woodland Park and about an hour from Colorado Springs, you’ll enjoy an easy commute with quick access to city amenities—while still feeling worlds away. Head west, and in under an hour you’ll find yourself surrounded by National Forest or enjoying one of several nearby reservoirs for hiking, fishing, boating, or just soaking in the scenery. This 1.5-story home features main-level living, including a spacious master suite with a large bathroom and walk-in closet. Two additional bedrooms and a full bath are located upstairs, perfect for guests or family. The open kitchen includes a center island, a generous pantry, and ample cabinet space, flowing into a cozy dining area and a welcoming living room with hardwood floors and a gas fireplace. You’ll also find tile in the kitchen, dining room, laundry, and entryways, with carpet in the bedrooms and on the stairs. The attached 2-car garage offers plenty of space for your vehicles and gear, while the laundry room—just off the kitchen—adds everyday practicality. Enjoy peaceful mornings on the covered front porch or unwind on the back deck while taking in the sights and sounds of your mountain surroundings. Don’t miss this opportunity to own a peaceful retreat in the heart of Colorado’s great outdoors!
Source: PPMLS #2994628
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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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