17355 Wagon Train Loop Peyton, CO 80831
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About this home
Welcome home to this spectacular home situated on a 2.61 acre lot in Blue Sage. This updated, open-concept rancher features: breathtaking Pikes Peak and mountain views, a newly finished basement, new furnace, new A/C, new tankless water heater, new flooring, newer roof, stainless steel kitchen appliances, newer washer and dryer, knotty pine solid core two-panel doors, knotty pine trim, fenced area for a dog run, storage shed, composite upstairs deck, and the list goes on and on. The gourmet eat-in kitchen features a solid surface island (perfect for buffet-style entertaining), stainless steel appliances, stainless steel sink, tile backsplash, walk-in pantry, and access to the backyard. The adjacent living room includes a gas fireplace (inclusive of a wooden mantle and stacked stone), built-in shelving, and access to the composite upper deck (ideal for family and friend gatherings). Retreat to the spacious primary suite, which boasts a private bath with an extended tiled walk-in shower and rain shower head, dual sinks with solid surface countertops, dual walk-in closets with custom shelving systems, custom cabinetry, and new flooring. Two secondary bedrooms and a full bathroom complete the main level. Make your way downstairs where you will appreciate a full secondary suite (versatile for multi-generational living) with an oversized closet/custom shelving, attached en suite, murphy bed, and room for a desk/workout equipment/sitting area. This level also offers a large family room/rec room (featuring another refrigerator and chest freezer) that can be utilized for game nights, get togethers, or hosting big sporting events. The utility room (complete with washer and dryer), under-stair storage, garage access, and front door access finish out this level. You will appreciate the serene setting and true tranquility this lot features, as well as the opportunity to expand. This home checks all the boxes for comfort, function, and multi-generational living.
Source: PPMLS #2244931
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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.