16149 Penn Central Way Monument, CO 80132
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About this home
Welcome Home... This very desirable Classic Home Grandby II model can be yours, in time for the holiday season! You will love this beautiful ranch-style home offering 4 bedroom, 3 bathrooms and media room to complete this perfect floorplan for your family. The open concept flows beautifully from the kitchen, kitchen nook with walk out to backyard, living room, and dining room, the main level has ample space for comfortable daily life and for entertaining. The laundry is tucked in behind the kitchen with easy access to the 3 car OVERSIZED garage. The main level offers the Master Bedroom with its own private 5-piece bath & walk in closet. Another secondary bedroom on the main level is great for your home office or guest bedroom. The kitchen offers plenty of UPGRADED cabinets and a pantry, the layout with the granite counter tops is a great space for holiday potlucks! Bring your guests downstairs to enjoy the LARGE family room with wet bar for a fun night of games and conversation. OR enjoy a night of Great Movies in the theater room! Two additional bedrooms and a full bathroom make for plenty of space for all your friends and family! This wonderful neighborhood is close to Schools, Shopping, Hiking Trails, and parks. You will love the easy access to I-25 you can get to Denver in less than 1 hour. Schedule your showing to see this beautiful home, you do not want to miss out!
Source: PPMLS #7527442
Neighborhood
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Close stress-free in 45 days, handled start to finish by Roam.
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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.